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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 10GB2601 under the Institutional Bond Issuance Programme was held today (July 6).
A total of HK$1.2 billion 10-year Government Bonds were offered today. A total of HK$4.779 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.98. The average price accepted is 106.12, implying an annualised yield of 1.008%.
HKSAR Government Institutional Bond Issuance Programme Government Bond Tender Results
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Tender results of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : July 6, 2016
Issue Number : 10GB2601 (Re-open)
Stock Code : 4230 (HKGB 1.68 2601)
Issue and Settlement Date : July 7, 2016
Tenor : 10-year
Maturity Date : January 21, 2026
Coupon Rate : 1.68%
Amount Applied : HK$4.779 billion
Amount Allotted : HK$1.2 billion
Bid-to-Cover Ratio* : 3.98
Average Price Accepted (Yield): 106.12 (1.008%)
Lowest Price Accepted (Yield) : 105.50 (1.075%)
Pro-rata Ratio : About 3%
Average Tender Price (Yield) : 104.64 (1.169%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, July 6, 2016
Issued at HKT 12:58
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