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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 (April 9) that tender for a 3-year Government Bond (issue number 03GB1704) under the Institutional Bond Issuance Programme was held today.
A total of HK$3.0 billion 3-year Government Bonds were offered today. A total of HK$9.671 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.22. The average price accepted is 99.78, implying an annualised yield of 1.098%.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
Tender results of 3-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : April 9, 2014
Issue Number : 03GB1704
Stock Code : 4220 (HKGB 1.02 1704)
Issue and Settlement
Date : April 10, 2014
Tenor : 3-year
Maturity Date : April 10, 2017
Coupon Rate : 1.02%
Amount Applied : HK$9.671 billion
Amount Allotted : HK$3.0 billion
Bid-to-Cover Ratio* : 3.22
Average Price Accepted (Yield) : 99.78 (1.098%)
Lowest Price Accepted (Yield) : 99.68 (1.132%)
Pro-rata Ratio : About 12%
Average Tender Price (Yield) : 99.62 (1.152%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, April 9, 2014
Issued at HKT 12:59
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