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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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