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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 (May 24) that a tender of 5-Year Government Bonds (Bonds) through the re-opening of existing Government Bond issue 05GB1411 under the Institutional Bond Issuance Programme will be held on Wednesday, June 2, 2010, for settlement on Thursday, June 3, 2010.
An additional amount of HK$1,500 million of the outstanding 5-Year Bonds (issue no. 05GB1411) will be on offer. The Bonds will mature on November 3, 2014 and will carry interest at the rate of 2.07% per annum payable semi-annually in arrears. The Bonds Fixings on May 24, 2010 is 102.26 with an annualised yield of 1.549%.
Under the Institutional Bond Issuance Programme, tender is open only to Recognised 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 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 3pm on the tender day.
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
Tender information of re-opening of 5-Year Government Bonds under the Institutional Bond Issuance Programme:-
Issue Number : 05GB1411
Stock code : 4202 (HKGB 2.07 1411)
Tender Date and Time : Wednesday, June 2, 2010
9.30am to 10.30am
Issue and Settlement : Thursday, June 3, 2010
Date for tender
amount
Amount on Offer : HK$1,500 million
Maturity : 5 years
Maturity Date : November 3, 2014
Interest Rate : 2.07% p.a. payable
semi-annually in arrears
Interest Payment : November 3, 2010
Dates May 3, 2011
November 3, 2011
May 3, 2012
November 5, 2012
May 3, 2013
November 4, 2013
May 5, 2014
November 3, 2014
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
(June 3, 2010) for the tender amount
is HK$87.90 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 : The tender amount is fully
commencement date fungible with the existing
of dealing on 05GB1411 (Stock code: 4202)
the Stock Exchange listed on the Stock Exchange
of Hong Kong Limited of Hong Kong.
Price/Yield Table of the re-opening Government Bonds at tender for reference* only:
Yield-to-Maturity Price Yield-to-Maturity Price
0.549 106.63 1.549 102.24
0.599 106.40 1.599 102.03
0.649 106.18 1.649 101.81
0.699 105.96 1.699 101.60
0.749 105.73 1.749 101.39
0.799 105.51 1.799 101.18
0.849 105.29 1.849 100.97
0.899 105.07 1.899 100.76
0.949 104.85 1.949 100.55
0.999 104.63 1.999 100.34
1.049 104.41 2.049 100.13
1.099 104.19 2.099 99.92
1.149 103.97 2.149 99.72
1.199 103.75 2.199 99.51
1.249 103.53 2.249 99.30
1.299 103.32 2.299 99.10
1.349 103.10 2.349 98.89
1.399 102.88 2.399 98.69
1.449 102.67 2.449 98.48
1.499 102.45 2.499 98.28
1.549 102.24 2.549 98.08
* 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, May 24, 2010
Issued at HKT 18:05
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