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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 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 (March 2).
A total of HK$0.6 billion 15-year Government Bonds were offered today. A total of HK$1.838 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.06. The average price accepted is 103.51, implying an annualised yield of 1.859%.
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 : March 2, 2016
Issue Number : 15GB3007 (Re-open)
Stock Code : 4227 (HKGB 2.13 3007)
Issue and Settlement Date : March 3, 2016
Tenor : 15-year
Maturity Date : July 16, 2030
Coupon Rate : 2.13%
Amount Applied : HK$1.838 billion
Amount Allotted : HK$0.6 billion
Bid-to-Cover Ratio* : 3.06
Average Price Accepted (Yield): 103.51 (1.859%)
Lowest Price Accepted (Yield) : 103.28 (1.877%)
Pro-rata Ratio : About 88%
Average Tender Price (Yield) : 101.85 (1.991%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, March 2, 2016
Issued at HKT 12:28
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