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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 (March 2) that tender for a 2-year Government Bond (issue number 02GB1303) 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$13.63 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.89. The average price accepted is 100.32, implying an annualised yield of 0.691%.
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 2, 2011
Issue Number : 02GB1303
Stock Code : 4207 (HKGB 0.85 1303)
Issue and Settlement Date : March 3, 2011
Tenor : 2-year
Maturity Date : March 4, 2013
Coupon Rate : 0.85%
Amount Applied : HK$13.63 billion
Amount Allotted : HK$3.5 billion
Bid-to-Cover Ratio* : 3.89
Average Price Accepted (Yield): 100.32 (0.691%)
Lowest Price Accepted (Yield) : 100.30 (0.700%)
Pro-rata Ratio : About 64%
Average Tender Price (Yield) : 100.21 (0.745%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, March 2, 2011
Issued at HKT 13:08
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