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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 (July 15) that tender for a 15-year Government Bond (issue number 15GB3007) under the Institutional Bond Issuance Programme was held today.
A total of HK$0.6 billion 15-year Government Bonds were offered today. A total of HK$1.654 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.76. The average price accepted is 98.19, implying an annualised yield of 2.286%.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
Tender results of 15-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : July 15, 2015
Issue Number : 15GB3007
Stock Code : 4227 (HKGB 2.13 3007)
Issue and Settlement Date : July 16, 2015
Tenor : 15-year
Maturity Date : July 16, 2030
Coupon Rate : 2.13%
Amount Applied : HK$1.654 billion
Amount Allotted : HK$0.6 billion
Bid-to-Cover Ratio* : 2.76
Average Price Accepted (Yield): 98.19 (2.286%)
Lowest Price Accepted (Yield) : 97.45 (2.346%)
Pro-rata Ratio : About 10%
Average Tender Price (Yield) : 97.08 (2.376%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, July 15, 2015
Issued at HKT 12:23
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