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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 (December 7) that tender for a 5-year Government Bond (issue number 05GB1612) under the Institutional Bond Issuance Programme was held today.
A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$4.03 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 1.61. The average price accepted is 99.42, implying an annualised yield of 1.092%.
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of 5-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date: December 7, 2011
Issue Number: 05GB1612
Stock Code: 4211 (HKGB 0.97 1612)
Issue and Settlement Date: December 8, 2011
Tenor: 5-year
Maturity Date: December 8, 2016
Coupon Rate: 0.97%
Amount Applied: HK$4.03 billion
Amount Allotted: HK$2.5 billion
Bid-to-Cover Ratio*: 1.61
Average Price Accepted (Yield): 99.42 (1.092%)
Lowest Price Accepted (Yield): 97.99 (1.392%)
Pro-rata Ratio : About 73%
Average Tender Price (Yield): 98.53 (1.278%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, December 7, 2011
Issued at HKT 12:31
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