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Tender results of the re-opening of 5-year Government Bonds under the 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 2-year Government Bonds through the re-opening of existing 5-year Government Bond issue 05GB1612 under the Institutional Bond Issuance Programme was held today (September 3).  

     A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$16.39 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.68. The average price accepted is 100.43, implying an annualised yield of 0.778%.  

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 3, 2014

Issue Number                   : 05GB1612 (Re-open)

Stock Code                     : 4211(HKGB 0.97 1612)

Issue and Settlement Date      : September 4, 2014

Tenor                          : 2-year

Maturity Date                  : December 8, 2016

Coupon Rate                    : 0.97%

Amount Applied                 : HK$16.39 billion

Amount Allotted                : HK$3.5 billion

Bid-to-Cover Ratio*            : 4.68

Average Price Accepted (Yield) : 100.43 (0.778%)

Lowest Price Accepted (Yield)  : 100.39 (0.797%)

Pro-rata Ratio                 : About 75%

Average Tender Price (Yield)   : 100.27 (0.849%)

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

Ends/Wednesday, September 3, 2014
Issued at HKT 12:18


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