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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 Government Bond issue 10GB2001 under the Institutional Bond Issuance Programme was held today (May 5).
A total of HK$3,000 million 10-year Government Bonds were offered today. A total of HK$7,963 million tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.65. The average price accepted is 99.97, implying an annualised yield of 2.955%.
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 5, 2010
Issue Number : 10GB2001(Re-open)
Stock Code : 4203 (HKGB 2.93 2001)
Issue and Settlement Date : May 6, 2010
Tenor : 10-year
Maturity Date : January 13, 2020
Coupon Rate : 2.93%
Amount Applied : HK$7,963 million
Amount Allotted : HK$3,000 million
Bid-to-Cover Ratio* : 2.65
Average Price Accepted (Yield): 99.97 (2.955%)
Lowest Price Accepted (Yield) : 99.86 (2.968%)
Pro-rata Ratio : About 37%
Average Tender Price (Yield) : 99.62 (2.997%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, May 5, 2010
Issued at HKT 16:27
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