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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 (February 23) that a tender of 2-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, March 3, 2010, for settlement on Thursday, March 4, 2010.
A total of HK$3,500 million 2-year Bonds will be tendered. The Bonds will mature on March 5, 2012 and will carry interest at the rate of 0.70% per annum payable semi-annually in arrears.
Under the Institutional Bond Issuance Programme, tender is open only to Recognised 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 not later than 3.00pm on the tender day.
HONG KONG GOVERNMENT BOND PROGRAMME
TENDER INFORMATION
Tender information of 2-Year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number : 02GB1203
Stock code : 4204 (HKGB 0.70 1203)
Tender Date and Time : March 3, 2010 (Wednesday)
9.30am to 10.30am
Issue and Settlement Date : March 4, 2010 (Thursday)
Amount on Offer : HK$3,500 million
Maturity : Two years
Maturity Date : March 5, 2012
Interest Rate : 0.70% p.a.
Interest Payment Dates : September 6, 2010
March 4, 2011
September 5, 2011
March 5, 2012
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
Programme's website at
www.hkgb.gov.hk or approach
Primary Dealers.
Expected commencement date : March 5, 2010
of dealing on
the Stock Exchange
of Hong Kong Limited
Price/Yield Table of the new Government Bonds at tender for reference* only :
Yield-to-Maturity Price Yield-to-Maturity Price
-0.30 102.01 0.70 100.00
-0.25 101.91 0.75 99.90
-0.20 101.81 0.80 99.80
-0.15 101.70 0.85 99.71
-0.10 101.60 0.90 99.61
-0.05 101.50 0.95 99.51
0.00 101.40 1.00 99.41
0.05 101.30 1.05 99.31
0.10 101.20 1.10 99.21
0.15 101.10 1.15 99.12
0.20 101.00 1.20 99.02
0.25 100.90 1.25 98.92
0.30 100.80 1.30 98.82
0.35 100.70 1.35 98.73
0.40 100.60 1.40 98.63
0.45 100.50 1.45 98.53
0.50 100.40 1.50 98.44
0.55 100.30 1.55 98.34
0.60 100.20 1.60 98.24
0.65 100.10 1.65 98.15
0.70 100.00 1.70 98.05
* 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/Tuesday, February 23, 2010
Issued at HKT 17:51
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