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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 (August 24) that a tender of 2-year Government Bonds ("Bonds") under the Institutional Bond Issuance Programme will be held on September 2, 2009 (Wednesday), for settlement on September 3, 2009 (Thursday).
A total of HK$3,500 million 2-year Bonds will be tendered. The Bonds will mature on September 5, 2011 and will carry interest at the rate of 0.92% per annum payable semi-annually in arrears.
This is the first institutional bond issuance under the Government Bond Programme after the relevant resolutions were passed by the Legislative Council on July 8, 2009. The Government Bond Programme consists of Institutional Bond Issuance Programme and Retail Bond Issuance Programme. The first tentative issuance schedule for the Institutional Bond Issuance Programme, covering six months from September 2009 to February 2010, was published by the HKMA on August 3, 2009.
Under the Institutional Bond Issuance Programme, tender is open only to Recognized Dealers which are appointed as Primary Dealers. Any tender applications for the Bonds must be submitted through a Primary Dealer on the current published list, which can be obtained from the Government Bond Programme's website at http://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 Government Bond Programme's website, the Reuters screen (HKGBINDEX), and Bloomberg not later than 3pm on the tender day.
HONG KONG GOVERNMENT BOND PROGRAMME TENDER INFORMATION
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Tender information of 2-Year Government Bonds under the Institutional Bond Issuance Programme:-
Issue Number : 02GB1109
Stock code : 4201 (HKGB 0.92 1109)
Tender Date and Time : September 2, 2009 (Wednesday)
9.30am to 10.30am
Issue and Settlement Date: September 3, 2009 (Thursday)
Amount on Offer : HK$3,500 million
Maturity : Two years
Maturity Date : September 5, 2011
Interest Rate : 0.92% p.a.
Interest Payment Dates : March 3, 2010
Sepember 3, 2010
March 3, 2011
September 5, 2011
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.
Other details : Please see Information Memorandum available on the Government Bond Programmeˇ¦s website at http://www.hkgb.gov.hk or approach Primary Dealers.
Expected commencement date of dealing on the Stock Exchange of Hong Kong Limited: September 4, 2009
Price/Yield Table of the new Government Bonds at tender for reference* only:-
Yield-to-Maturity Price Yield-to-Maturity Price
-0.08 102.00 0.92 100.00
-0.03 101.90 0.97 99.91
0.02 101.80 1.02 99.81
0.07 101.70 1.07 99.71
0.12 101.60 1.12 99.61
0.17 101.50 1.17 99.51
0.22 101.40 1.22 99.42
0.27 101.30 1.27 99.32
0.32 101.20 1.32 99.22
0.37 101.10 1.37 99.12
0.42 101.00 1.42 99.03
0.47 100.90 1.47 98.93
0.52 100.80 1.52 98.83
0.57 100.70 1.57 98.74
0.62 100.60 1.62 98.64
0.67 100.50 1.67 98.54
0.72 100.40 1.72 98.45
0.77 100.30 1.77 98.35
0.82 100.20 1.82 98.25
0.87 100.10 1.87 98.16
0.92 100.00 1.92 98.06
* 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.
Ends/Monday, August 24, 2009
Issued at HKT 16:50
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