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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 2-year Government Bonds through the re-opening of existing 3-year Government Bond issue 03GB1605 under the Institutional Bond Issuance Programme was held today (March 7).
A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$11.11 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.17. The average price accepted is 99.28, implying an annualised yield of 0.675%.
HKSAR Government Institutional Bond Issuance Programme tender results
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Tender results of re-opening of 3-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : March 7, 2014
Issue Number : 03GB1605 (Re-open)
Stock Code : 4217 (HKGB 0.34 1605)
Issue and Settlement Date : March 10, 2014
Tenor : 2-year
Maturity Date : May 9, 2016
Coupon Rate : 0.34%
Amount Applied : HK$11.11 billion
Amount Allotted : HK$3.5 billion
Bid-to-Cover Ratio* : 3.17
Average Price Accepted (Yield): 99.28 (0.675%)
Lowest Price Accepted (Yield) : 99.25 (0.690%)
Pro-rata Ratio : About 96%
Average Tender Price (Yield) : 99.10 (0.762%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Friday, March 7, 2014
Issued at HKT 12:13
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