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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 (January 16) that tender for a 10-year Government Bond (issue number 10GB2301) under the Institutional Bond Issuance Programme was held today.
A total of HK$1.5 billion 10-year Government Bonds were offered today. A total of HK$8.14 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 5.43. The average price accepted is 97.43, implying an annualised yield of 1.380%.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
Tender results of 10-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : January 16, 2013
Issue Number : 10GB2301
Stock Code : 4215 (HKGB 1.10 2301)
Issue and Settlement Date : January 17, 2013
Tenor : 10-year
Maturity Date : January 17, 2023
Coupon Rate : 1.10%
Amount Applied : HK$8.14 billion
Amount Allotted : HK$1.5 billion
Bid-to-Cover Ratio* : 5.43
Average Price Accepted (Yield): 97.43 (1.380%)
Lowest Price Accepted (Yield) : 97.07 (1.420%)
Pro-rata Ratio : About 15%
Average Tender Price (Yield) : 96.26 (1.510%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, January 16, 2013
Issued at HKT 14:03
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