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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 5-Year Government Bond issue 05GB1512 under the Institutional Bond Issuance Programme was held today (September 4).
A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$9.485 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.71. The average price accepted is 101.53, implying an annualised yield of 0.742%.
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 : September 4, 2013
Issue Number : 05GB1512 (Re-open)
Stock Code : 4206(HKGB 1.43 1512)
Issue and Settlement Date : September 5, 2013
Tenor : 2-year
Maturity Date : December 2, 2015
Coupon Rate : 1.43%
Amount Applied : HK$9.485 billion
Amount Allotted : HK$3.5 billion
Bid-to-Cover Ratio* : 2.71
Average Price Accepted (Yield) : 101.53 (0.742%)
Lowest Price Accepted (Yield) : 101.45 (0.777%)
Pro-rata Ratio : About 93%
Average Tender Price (Yield) : 101.24 (0.872%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, September 4, 2013
Issued at HKT 12:30
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