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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 the tender for a five-year issue of Government Bonds under the Institutional Bond Issuance Programme was held today (November 2).
A total of HK$2,000 million five-year Government Bonds were offered today. The Bonds were well-received by institutional investors. A total of HK$9,111 million tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.56. The average price accepted is 100.41, implying an annualised yield of 1.99%.
For further enquiries, please contact:
Alice Lo, Communications Chief, at 2878 1480 or
Natalie Wu, Officer (Communications), at 2878 8246
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of 5-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date: November 2, 2009
Issue Number: 05GB1411
Stock Code: 4202 (HKGB 2.07 1411)
Issue and Settlement Date: November 3, 2009
Tenor: 5-year
Maturity Date: November 3, 2014
Coupon Rate: 2.07%
Amount Applied: HK$9,111 million
Amount Allotted: HK$2,000 million
Bid-to-Cover Ratio*: 4.56
Average Price Accepted (Yield): 100.41 (1.99%)
Lowest Price Accepted (Yield): 100.23 (2.03%)
Pro-rata Ratio: About 46%
Average Tender Price (Yield): 100.12 (2.05%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Monday, November 2, 2009
Issued at HKT 12:37
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