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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 10GB2408 under the Institutional Bond Issuance Programme was held today (May 6).
A total of HK$1.5 billion 10-year Government Bonds were offered today. A total of HK$4.610 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.07. The average price accepted is 103.20, implying an annualised yield of 1.851%.
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 : May 6, 2015
Issue Number : 10GB2408 (Re-open)
Stock Code : 4221 (HKGB 2.22 2408)
Issue and Settlement Date : May 7, 2015
Tenor : 10-year
Maturity Date : August 7, 2024
Coupon Rate : 2.22%
Amount Applied : HK$4.610 billion
Amount Allotted : HK$1.5 billion
Bid-to-Cover Ratio* : 3.07
Average Price Accepted (Yield) : 103.20 (1.851%)
Lowest Price Accepted (Yield) : 102.88 (1.888%)
Pro-rata Ratio : About 90%
Average Tender Price (Yield) : 102.02 (1.989%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, May 6, 2015
Issued at HKT 12:19
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