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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 2-year Government Bonds through the re-opening of existing 3-year Government Bond issue 03GB1505 under the Institutional Bond Issuance Programme was held today (March 6).
A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$7.03 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.01. The average price accepted is 100.21, implying an annualised yield of 0.364%.
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of re-opening of 3-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : March 6, 2013
Issue Number : 03GB1505 (Re-open)
Stock Code : 4213 (HKGB 0.46 1505)
Issue and Settlement Date : March 7, 2013
Tenor : 2-year
Maturity Date : May 11, 2015
Coupon Rate : 0.46%
Amount Applied : HK$7.03 billion
Amount Allotted : HK$3.5 billion
Bid-to-Cover Ratio* : 2.01
Average Price Accepted (Yield): 100.21 (0.364%)
Lowest Price Accepted (Yield) : 100.17 (0.382%)
Pro-rata Ratio : About 82%
Average Tender Price (Yield) : 100.14 (0.395%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, March 6, 2013
Issued at HKT 12:34
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