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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 5-year Government Bonds through the re-opening of existing Government Bond issue 05GB1512 under the Institutional Bond Issuance Programme was held today (May 4).
A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$8.235 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.29. The average price accepted is 99.08, implying an annualised yield of 1.647%.
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 : May 4, 2011
Issue Number : 05GB1512
(Re-open)
Stock Code : 4206
(HKGB 1.43 1512)
Issue and Settlement Date : May 5, 2011
Tenor : 5-year
Maturity Date : December 2, 2015
Coupon Rate : 1.43%
Amount Applied : HK$8.235 billion
Amount Allotted : HK$2.5 billion
Bid-to-Cover Ratio* : 3.29
Average Price Accepted (Yield) : 99.08 (1.647%)
Lowest Price Accepted (Yield) : 98.96 (1.674%)
Pro-rata Ratio : About 98%
Average Tender Price (Yield) : 98.59 (1.759%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, May 4, 2011
Issued at HKT 12:45
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