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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 10GB2108 under the Institutional Bond Issuance Programme was held today (January 16).
A total of HK$1.5 billion 10-year Government Bonds were offered today. A total of HK$3.742 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.49. The average price accepted is 104.79, implying an annualised yield of 1.918%.
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
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Tender results of re-opening of 10-Year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : January 16, 2012
Issue Number : 10GB2108 (Re-open)
Stock Code : 4209 (HKGB 2.46 2108)
Issue and Settlement Date : January 17, 2012
Tenor : 10-year
Maturity Date : August 4, 2021
Coupon Rate : 2.46%
Amount Applied : HK$3.742 billion
Amount Allotted : HK$1.5 billion
Bid-to-Cover Ratio* : 2.49
Average Price Accepted (Yield) : 104.79 (1.918 %)
Lowest Price Accepted (Yield) : 103.50 (2.065 %)
Pro-rata Ratio : About 4 %
Average Tender Price (Yield) : 102.01 (2.237 %)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Monday, January 16, 2012
Issued at HKT 12:50
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