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Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme
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The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 10-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2408 under the Institutional Bond Issuance Programme was held today (January 14).

     A total of HK$2.0 billion 10-year Government Bonds were offered today.  A total of HK$3.965 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 1.98. The average price accepted is 103.57, implying an annualised yield of 1.820%.  

HKSAR Government Institutional Bond Issuance Programme Government Bond tender results

Tender results of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:

Tender Date                   : January 14, 2015

Issue Number                  : 10GB2408 (Re-open)

Stock Code                    : 4221(HKGB 2.22 2408)

Issue and Settlement Date     : January 15, 2015

Tenor                         : 10-year

Maturity Date                 : August 7, 2024

Coupon Rate                   : 2.22%

Amount Applied                : HK$3.965 billion

Amount Allotted               : HK$2.0 billion

Bid-to-Cover Ratio*           : 1.98

Average Price Accepted (Yield): 103.57 (1.820%)

Lowest Price Accepted (Yield) : 103.26 (1.855%)

Pro-rata Ratio                : About 25%

Average Tender Price (Yield)  : 103.16 (1.867%)

* Calculated as the amount of bonds applied for over the amount of bonds issued.

Ends/Wednesday, January 14, 2015
Issued at HKT 13:48

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