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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 10-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2301 under the Institutional Bond Issuance Programme was held today (January 15).
A total of HK$1.0 billion 10-year Government Bonds were offered today. A total of HK$3.364 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.36. The average price accepted is 86.68, implying an annualised yield of 2.803%.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
Tender results of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : January 15, 2014
Issue Number : 10GB2301 (Re-open)
Stock Code : 4215 (HKGB 1.10 2301)
Issue and Settlement Date : January 16, 2014
Tenor : 10-year
Maturity Date : January 17, 2023
Coupon Rate : 1.10%
Amount Applied : HK$3.364 billion
Amount Allotted : HK$1.0 billion
Bid-to-Cover Ratio* : 3.36
Average Price Accepted (Yield): 86.68 (2.803%)
Lowest Price Accepted (Yield) : 86.25 (2.863%)
Pro-rata Ratio : About 62%
Average Tender Price (Yield) : 85.24 (3.004%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, January 15, 2014
Issued at HKT 13:45
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