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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 3-year Government Bonds through the re-opening of existing 5-year Government Bond issue 05GB1902 under the Institutional Bond Issuance Programme was held today (April 13).
A total of HK$4.0 billion 3-year Government Bonds were offered today. A total of HK$14.540 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.64. The average price accepted is 101.72, implying an annualised yield of 0.860%.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
Tender results of re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : April 13, 2016
Issue Number : 05GB1902 (Re-open)
Stock Code : 4219 (HKGB 1.47 1902)
Issue and Settlement Date : April 14, 2016
Tenor : 3-year
Maturity Date : February 20, 2019
Coupon Rate : 1.47%
Amount Applied : HK$14.540 billion
Amount Allotted : HK$4.0 billion
Bid-to-Cover Ratio* : 3.64
Average Price Accepted (Yield): 101.72 (0.860%)
Lowest Price Accepted (Yield) : 101.63 (0.892%)
Pro-rata Ratio : About 34%
Average Tender Price (Yield) : 101.43 (0.962%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, April 13, 2016
Issued at HKT 12:47
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