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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 05GB1612 under the Institutional Bond Issuance Programme was held today (November 6).
A total of HK$3.0 billion 3-year Government Bonds were offered today. A total of HK$9.325 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.11. The average price accepted is 100.53, implying an annualised yield of 0.797%.
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 6, 2013
Issue Number : 05GB1612 (Re-open)
Stock Code : 4211 (HKGB 0.97 1612)
Issue and Settlement Date : November 7, 2013
Tenor : 3-year
Maturity Date : December 8, 2016
Coupon Rate : 0.97%
Amount Applied : HK$9.325 billion
Amount Allotted : HK$3.0 billion
Bid-to-Cover Ratio* : 3.11
Average Price Accepted (Yield) : 100.53 (0.797%)
Lowest Price Accepted (Yield) : 100.46 (0.820%)
Pro-rata Ratio : About 33%
Average Tender Price (Yield) : 100.29 (0.875%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, November 6, 2013
Issued at HKT 12:43
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