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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 today (August 3) that tender for a 10-year Government Bond (issue number 10GB2108) under the Institutional Bond Issuance Programme was held today.
A total of HK$2.5 billion 10-year Government Bonds were offered today. A total of HK$6.2 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.48. The average price accepted is 103.11, implying an annualised yield of 2.124%.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
Tender results of 10-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : August 3, 2011
Issue Number : 10GB2108
Stock Code : 4209 (HKGB 2.46 2108)
Issue and Settlement Date : August 4, 2011
Tenor : 10-year
Maturity Date : August 4, 2021
Coupon Rate : 2.46%
Amount Applied : HK$6.2 billion
Amount Allotted : HK$2.5 billion
Bid-to-Cover Ratio* : 2.48
Average Price Accepted (Yield): 103.11 (2.124%)
Lowest Price Accepted (Yield) : 102.80 (2.159%)
Pro-rata Ratio : About 46%
Average Tender Price (Yield) : 102.60 (2.181%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, August 3, 2011
Issued at HKT 12:40
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