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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 5-year Government Bonds through the re-opening of existing 5-year Government Bond issue 05GB1902 under the Institutional Bond Issuance Programme was held today (July 9).
A total of HK$2.0 billion 5-year Government Bonds were offered today. A total of HK$5.895 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.95. The average price accepted is 99.12, implying an annualised yield of 1.676%.
HKSAR Government Institutional Bond Issuance Programme Government Bond Tender Results
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Tender results of re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : July 9, 2014
Issue Number : 05GB1902 (Re-open)
Stock Code : 4219
(HKGB 1.47 1902)
Issue and Settlement Date : July 10, 2014
Tenor : 5-year
Maturity Date : February 20, 2019
Coupon Rate : 1.47%
Amount Applied : HK$5.895 billion
Amount Allotted : HK$2.0 billion
Bid-to-Cover Ratio* : 2.95
Average Price Accepted (Yield) : 99.12 (1.676%)
Lowest Price Accepted (Yield) : 98.96 (1.712%)
Pro-rata Ratio : About 11%
Average Tender Price (Yield) : 98.83 (1.741%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, July 9, 2014
Issued at HKT 12:21
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