********************************************************
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 (March 7) that tender for a 2-year Government Bond (issue number 02GB1403) under the Institutional Bond Issuance Programme was held today.
A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$9.685 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.77. The average price accepted is 99.95, implying an annualised yield of 0.407%.
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of 2-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : March 7, 2012
Issue Number : 02GB1403
Stock Code : 4212
(HKGB 0.38 1403)
Issue and Settlement Date : March 8, 2012
Tenor : 2-year
Maturity Date : March 10, 2014
Coupon Rate : 0.38%
Amount Applied : HK$9.685 billion
Amount Allotted : HK$3.5 billion
Bid-to-Cover Ratio* : 2.77
Average Price Accepted (Yield) : 99.95 (0.407%)
Lowest Price Accepted (Yield) : 99.83 (0.466%)
Pro-rata Ratio : About 98%
Average Tender Price (Yield) : 99.76 (0.504%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, March 7, 2012
Issued at HKT 12:10
NNNN
