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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 3-year Government Bonds through the re-opening of existing 5-year Government Bond issue 05GB1902 under the Institutional Bond Issuance Programme was held today (October 7).
A total of HK$4.2 billion 3-year Government Bonds were offered today. A total of HK$11.780 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.80. The average price accepted is 102.25, implying an annualised yield of 0.792%.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
Tender results of re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : October 7, 2015
Issue Number : 05GB1902 (Re-open)
Stock Code : 4219
(HKGB 1.47 1902)
Issue and Settlement Date : October 8, 2015
Tenor : 3-year
Maturity Date : February 20, 2019
Coupon Rate : 1.47%
Amount Applied : HK$11.780 billion
Amount Allotted : HK$4.2 billion
Bid-to-Cover Ratio* : 2.80
Average Price Accepted (Yield) : 102.25 (0.792%)
Lowest Price Accepted (Yield) : 102.06 (0.850%)
Pro-rata Ratio : About 23%
Average Tender Price (Yield) : 101.87 (0.906%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, October 7, 2015
Issued at HKT 12:30
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