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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 today 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 (October 6).
A total of HK$2 billion 10-year Government Bonds were offered today. A total of HK$6.3 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.15. The average price accepted is 106.69, implying an annualised yield of 2.142%.
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 : October 6, 2010
Issue Number : 10GB2001 (Re-open)
Stock Code : 4203 (HKGB 2.93 2001)
Issue and Settlement Date : October 7, 2010
Tenor : 10-year
Maturity Date : January 13, 2020
Coupon Rate : 2.93%
Amount Applied : HK$6.3 billion
Amount Allotted : HK$2 billion
Bid-to-Cover Ratio* : 3.15
Average Price Accepted (Yield) : 106.69 (2.142%)
Lowest Price Accepted (Yield) : 106.20 (2.199%)
Pro-rata Ratio : About 2%
Average Tender Price (Yield) : 105.55 (2.276%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, October 6, 2010
Issued at HKT 12:46
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