************************************************************
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 5-year Government Bonds through the re-opening of existing 5-year Government Bond issue 05GB2011 under the Institutional Bond Issuance Programme was held today (May 11).
A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$6.625 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.65. The average price accepted is 99.33, implying an annualised yield of 1.066%.
HKSAR Government Institutional Bond Issuance Programme Government Bond Tender Results
Tender results of re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : May 11, 2016
Issue Number : 05GB2011 (Re-open)
Stock Code : 4229 (HKGB 0.91 2011)
Issue and Settlement Date : May 12, 2016
Tenor : 5-year
Maturity Date : November 5, 2020
Coupon Rate : 0.91%
Amount Applied : HK$6.625 billion
Amount Allotted : HK$2.5 billion
Bid-to-Cover Ratio* : 2.65
Average Price Accepted (Yield): 99.33 (1.066%)
Lowest Price Accepted (Yield) : 99.10 (1.120%)
Pro-rata Ratio :About 70%
Average Tender Price (Yield): 98.84 (1.179%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, May 11, 2016
Issued at HKT 14:23
NNNN
