Hong Kong (HKSAR) – 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 (January 6) that a tender of 10-year Government Bonds (Bonds) through the re-opening of existing Government Bond issue 10GB2301 under the Institutional Bond Issuance Programme will be held on January 15 (Wednesday), for settlement on January 16 (Thursday).
An additional amount of HK$1 billion of the outstanding 10-year Bonds (issue no. 10GB2301) will be on offer.The Bonds will mature on January 17, 2023 and will carry interest at the rate of 1.10% per annum payable semi-annually in arrears. The Bonds Fixings on January 6, 2014 is 86.70 with an annualised yield of 2.795%.
Under the Institutional Bond Issuance Programme, tender is open only to Recognized Dealers which are appointed as Primary Dealers.Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the current published list, which can be obtained from the Government Bond Programme’s website at www.hkgb.gov.hk.Each tender must be for an amount of HK$50,000 or integral multiples thereof.
Tender results will be published on the HKMA’s website, the Government Bond Programme’s website, the Reuters screen (HKGBINDEX), and Bloomberg (GBHK ) not later than 3pm on the tender day.
HKSAR Government Institutional Bond Issuance Programme tender information
—————————————————–
Tender information of re-opening of 10-Year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number: 10GB2301 (Re-open)
Stock code: 4215 (HKGB 1.10 2301)
Tender Date: January 15, 2014 (Wednesday)
and Time9.30am to 10.30am
Issue and: January 16, 2014 (Thursday)
Settlement Date
for tender
amount
Amount on Offer: HK$1 billion
Maturity: 10 years
Remaining Maturity: Approximately 9.0 years
Maturity Date: January 17, 2023
Interest Rate: 1.10% p.a.
payable
semi-annually in arrears
Interest Payment: January 17, 2014
DatesJuly 17, 2014
January 19, 2015
July 17, 2015
January 18, 2016
July 18, 2016
January 17, 2017
July 17, 2017
January 17, 2018
July 17, 2018
January 17, 2019
July 17, 2019
January 17, 2020
July 17, 2020
January 18, 2021
July 19, 2021
January 17, 2022
July 18, 2022
January 17, 2023
Method of Tender: Competitive tender
Tender Amount: Each competitive tender
must be for an amount of
HK$50,000 or integral
multiples thereof.
Any tender applications
for the Bonds must be
submitted through a
Primary Dealer on the
current published list.
The accrued interest to
be paid by successful
bidders on the issue
date (January 16, 2014)
for the tender amount is
HK$275.75 per minimum
denomination of HK$50,000.
(The accrued interest
to be paid for tender
amount exceeding HK$50,000
may not be exactly equal
to the figures calculated
from the accrued interest
per minimum denomination
of HK$50,000 due to
rounding).
Other details: Please see Information
Memorandum available on
the Government Bond
Programme’s website at
www.hkgb.gov.hk or
approach Primary Dealers.
Expected commencement: The tender amount is fully
date of dealing onfungible with the existing
the Stock Exchange10GB2301 (Stock code:
of Hong Kong Limited4215) listed on the Stock
Exchange of Hong Kong.
Price/Yield Table of the re-opening Government Bonds at tender for reference* only:
Yield-to-PriceYield-to-Price
MaturityMaturity
1.79594.312.79586.74
1.84593.922.84586.38
1.89593.522.89586.02
1.94593.132.94585.66
1.99592.742.99585.31
2.04592.353.04584.95
2.09591.963.09584.60
2.14591.583.14584.25
2.19591.193.19583.90
2.24590.813.24583.56
2.29590.433.29583.21
2.34590.063.34582.87
2.39589.683.39582.53
2.44589.313.44582.19
2.49588.933.49581.85
2.54588.563.54581.51
2.59588.193.59581.18
2.64587.833.64580.84
2.69587.463.69580.51
2.74587.103.74580.18
2.79586.743.79579.85
* Disclaimer
The information provided here is for reference only.Although extreme care has been taken to ensure that the information provided is accurate and up-to-date, the HKMA does not warrant that all, or any part of, the information provided is accurate in all respects.You are encouraged to conduct your own enquiries to verify any particular piece of information provided on it.The HKMA shall not be liable for any loss or damage suffered as a result of any use or reliance on any of the information provided here.
Source: HKSAR Government
Published on: 2014-01-06
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