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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 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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