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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 the tender for a 2-year issue of Government Bonds under the Institutional Bond Issuance Programme was held today (March 3).
A total of HK$3,500 million 2-year Government Bonds were offered today. The Bonds were well-received by institutional investors. A total of HK$14,070 million tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.02. The average price accepted is 100.09, implying an annualised yield of 0.657%.
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of 2-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : March 3, 2010
Issue Number : 02GB1203
Stock Code : 4204 (HKGB 0.70 1203)
Issue and Settlement Date : March 4, 2010
Tenor : 2-year
Maturity Date : March 5, 2012
Coupon Rate : 0.70%
Amount Applied : HK$14,070 million
Amount Allotted : HK$3,500 million
Bid-to-Cover Ratio* : 4.02
Average Price Accepted (Yield): 100.09 (0.657%)
Lowest Price Accepted (Yield) : 100.05 (0.676%)
Pro-rata Ratio : About 66%
Average Tender Price (Yield) : 99.96 (0.722%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, March 3, 2010
Issued at HKT 15:31
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