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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 5-year Government Bonds through the re-opening of existing Government Bond issue 05GB1411 under the Institutional Bond Issuance Programme was held today (June 2).
A total of HK$1,500 million 5-year Government Bonds were offered today. A total of HK$4,785 million tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.19. The average price accepted is 101.78, implying an annualised yield of 1.658%.
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: June 2, 2010
Issue Number: 05GB1411 (Re-open)
Stock Code: 4202 (HKGB 2.07 1411)
Issue and Settlement Date: June 3, 2010
Tenor: 5-year
Maturity Date: November 3, 2014
Coupon Rate: 2.07%
Amount Applied: HK$4,785 million
Amount Allotted: HK$1,500 million
Bid-to-Cover Ratio*: 3.19
Average Price Accepted (Yield): 101.78 (1.658%)
Lowest Price Accepted (Yield): 101.70 (1.676%)
Pro-rata Ratio: About 86%
Average Tender Price (Yield): 101.58 (1.705%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, June 2, 2010
Issued at HKT 12:50
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