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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that the tender for a 10-year issue of Government Bonds under the Institutional Bond Issuance Programme was held today (January 11).
A total of HK$2,500 million 10-year Government Bonds were offered today. The Bonds were well-received by institutional investors. A total of HK$11,792 million tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.72. The average price accepted is 98.59, implying an annualised yield of 3.12%.
For further enquiries, please contact:
Alice Lo, Communications Chief, at 2878 1480 or
Yokee Wong, Manager (Communications), at 2878 1213
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of 10-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date : January 11, 2010
Issue Number : 10GB2001
Stock Code : 4203 (HKGB 2.93 2001)
Issue and Settlement Date : January 12, 2010
Tenor : 10-year
Maturity Date : January 13, 2020
Coupon Rate : 2.93%
Amount Applied : HK$11,792 million
Amount Allotted : HK$2,500 million
Bid-to-Cover Ratio* : 4.72
Average Price Accepted (Yield): 98.59 (3.12%)
Lowest Price Accepted (Yield) : 98.25 (3.16%)
Pro-rata Ratio : About 47%
Average Tender Price (Yield) : 97.29 (3.28%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Monday, January 11, 2010
Issued at HKT 12:23
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