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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), announced that tender for a two-year Government Bond (issue number 02GB1209) under the Institutional Bond Issuance Programme was held today (September 1).
A total of HK$3.5 billion two-year Government Bonds were offered today. A total of HK$12.89 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.68. The average price accepted is 100.05, implying an annualised yield of 0.456%.
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of two-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : September 1, 2010
Issue Number : 02GB1209
Stock Code : 4205 (HKGB 0.48 1209)
Issue and Settlement Date : September 2, 2010
Tenor : two-year
Maturity Date : September 3, 2012
Coupon Rate : 0.48%
Amount Applied : HK$12.89 billion
Amount Allotted : HK$3.5 billion
Bid-to-Cover Ratio* : 3.68
Average Price Accepted (Yield): 100.05 (0.456%)
Lowest Price Accepted (Yield) : 100.00 (0.481%)
Pro-rata Ratio : About 78%
Average Tender Price (Yield) : 99.88 (0.543%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, September 1, 2010
Issued at HKT 13:09
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