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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 (May 8) that tender for a 3-year Government Bond (issue number 03GB1605) under the Institutional Bond Issuance Programme was held today.
A total of HK$3.0 billion 3-year Government Bonds were offered today. A total of HK$7.24 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.41. The average price accepted is 99.73, implying an annualised yield of 0.431%.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
Tender results of 3-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : May 8, 2013
Issue Number : 03GB1605
Stock Code : 4217 (HKGB 0.34 1605)
Issue and Settlement Date : May 9, 2013
Tenor : 3-year
Maturity Date : May 9, 2016
Coupon Rate : 0.34%
Amount Applied : HK$7.24 billion
Amount Allotted : HK$3.0 billion
Bid-to-Cover Ratio* : 2.41
Average Price Accepted (Yield): 99.73 (0.431%)
Lowest Price Accepted (Yield) : 99.60 (0.475%)
Pro-rata Ratio : About 12%
Average Tender Price (Yield) : 99.60 (0.477%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, May 8, 2013
Issued at HKT 12:30
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