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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 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
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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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