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Tender results of the re-opening of 15-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 15-year Government Bonds through the re-opening of existing 15-year Government Bond issue 15GB3007 under the Institutional Bond Issuance Programme was held today (September 7). 
     A total of HK$0.6 billion 15-year Government Bonds were offered today.  A total of HK$2.625 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.38.  The average price accepted is 114.97, implying an annualised yield of 0.974%.  

HKSAR Government Institutional Bond Issuance Programme Government Bond tender results

Tender results of re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date
: September 7, 2016
Issue Number
: 15GB3007 (Re-open)
Stock Code
: 4227 (HKGB 2.13 3007)
Issue and Settlement Date
: September 8, 2016
: 15-year
Maturity Date
: July 16, 2030
Coupon Rate
: 2.13%
Amount Applied
: HK$2.625 billion
Amount Allotted
: HK$0.6 billion
Bid-to-Cover Ratio*
: 4.38
Average Price Accepted (Yield)
: 114.97 (0.974%)
Lowest Price Accepted (Yield)
: 112.30 (1.169%)
Pro-rata Ratio : About 81%
Average Tender Price (Yield)
: 112.19 (1.178%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, September 7, 2016
Issued at HKT 12:25
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