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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 (November 5) that tender for a 3-year Government Bond (issue number 03GB1711) 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$12.723 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.24. The average price accepted is 99.56, implying an annualised yield of 0.981%.
HKSAR Government Institutional Bond Issuance Programme Government bond tender results
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Tender results of 3-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : November 5, 2014
Issue Number : 03GB1711
Stock Code : 4224 (HKGB 0.83 1711)
Issue and Settlement Date : November 6, 2014
Tenor : 3-year
Maturity Date : November 6, 2017
Coupon Rate : 0.83%
Amount Applied : HK$12.723 billion
Amount Allotted : HK$3.0 billion
Bid-to-Cover Ratio* : 4.24
Average Price Accepted (Yield) : 99.56 (0.981%)
Lowest Price Accepted (Yield) : 99.45 (1.019%)
Pro-rata Ratio : About 10%
Average Tender Price (Yield) : 99.38 (1.042%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, November 5, 2014
Issued at HKT 12:12
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