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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 3-year Government Bonds through the re-opening of existing 5-Year Government Bond issue 05GB1411 under the Institutional Bond Issuance Programme was held today (November 2).
A total of HK$3 billion 3-year Government Bonds were offered today. A total of HK$7.025 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.34. The average price accepted is 104.77, implying an annualised yield of 0.468%.
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: November 2, 2011
Issue Number: 05GB1411 (Re-open)
Stock Code: 4202 (HKGB 2.07 1411)
Issue and Settlement Date: November 3, 2011
Tenor: 3-year
Maturity Date: November 3, 2014
Coupon Rate: 2.07%
Amount Applied: HK$7.025 billion
Amount Allotted: HK$3 billion
Bid-to-Cover Ratio* : 2.34
Average Price Accepted (Yield): 104.77 (0.468%)
Lowest Price Accepted (Yield): 104.45 (0.573%)
Pro-rata Ratio: About 34%
Average Tender Price (Yield): 103.98 (0.728%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, November 2, 2011
Issued at HKT 12:18
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