*********************************************************
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 (August 6) that tender for a 10-year Government Bond (issue number 10GB2408) under the Institutional Bond Issuance Programme was held today.
A total of HK$1.0 billion 10-year Government Bonds were offered today. A total of HK$3.044 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.04. The average price accepted is 97.78, implying an annualised yield of 2.487%.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
Tender results of 10-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : August 6, 2014
Issue Number : 10GB2408
Stock Code : 4221(HKGB 2.22 2408)
Issue and Settlement Date : August 7, 2014
Tenor : 10-year
Maturity Date : August 7, 2024
Coupon Rate : 2.22%
Amount Applied : HK$3.044 billion
Amount Allotted : HK$1.0 billion
Bid-to-Cover Ratio* : 3.04
Average Price Accepted (Yield) : 97.78 (2.487%)
Lowest Price Accepted (Yield) : 97.20 (2.555%)
Pro-rata Ratio : About 68%
Average Tender Price (Yield) : 95.73 (2.729%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, August 6, 2014
Issued at HKT 12:35
NNNN
