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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 today (September 7) that tender for a 2-year Government Bond (issue number 02GB1309) under the Institutional Bond Issuance Programme was held today.
A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$11.17 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.19. The average price accepted is 100.22, implying an annualised yield of 0.211%.
HKSAR Government Institutional Bond Issuance Programme Government Bond Tender Results
Tender results of 2-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : September 7, 2011
Issue Number : 02GB1309
Stock Code : 4210 (HKGB 0.32 1309)
Issue and Settlement Date : September 8, 2011
Tenor : 2-year
Maturity Date : September 9, 2013
Coupon Rate : 0.32%
Amount Applied : HK$11.17 billion
Amount Allotted : HK$3.5 billion
Bid-to-Cover Ratio* : 3.19
Average Price Accepted (Yield): 100.22 (0.211%)
Lowest Price Accepted (Yield) : 100.18 (0.230%)
Pro-rata Ratio : About 20%
Average Tender Price (Yield) : 99.99 (0.325%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, September 7, 2011
Issued at HKT 12:26
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