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Tender results of re-opening of 5-year Government Bonds under Institutional Bond Issuance Programme

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 5-year Government Bond issue 05GB1802 under the Institutional Bond Issuance Programme was held today (July 17).

     A total of HK$2.0 billion 5-year Government Bonds were offered today. A total of HK$3.96 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 1.98. The average price accepted is 96.36, implying an annualised yield of 1.444%.
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                   : July 17, 2013

Issue Number                  : 05GB1802 (Re-open)

Stock Code                    : 4216 (HKGB 0.61 1802)

Issue and Settlement Date     : July 18, 2013

Tenor                         : 5-year
Maturity Date                 : February 5, 2018

Coupon Rate                   : 0.61%

Amount Applied                : HK$3.96 billion

Amount Allotted               : HK$2.0 billion

Bid-to-Cover Ratio*           : 1.98

Average Price Accepted (Yield): 96.36 (1.444%)

Lowest Price Accepted (Yield) : 96.15 (1.493%)

Pro-rata Ratio                : About 98%

Average Tender Price (Yield)  : 95.99 (1.532%)

* Calculated as the amount of bonds applied for over the amount of bonds issued.

Ends/Wednesday, July 17, 2013
Issued at HKT 12:38


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