************************************************************
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 (September 24) that a tender of 10-year Government Bonds (Bonds) through the re-opening of existing Government Bond issue 10GB2001 under the Institutional Bond Issuance Programme will be held on October 6, 2010(Wednesday), for settlement on October 7, 2010(Thursday).
An additional amount of HK$2 billion of the outstanding 10-year Bonds (issue no. 10GB2001) will be on offer. The Bonds will mature on January 13, 2020 and will carry interest at the rate of 2.93% per annum payable semi-annually in arrears. The Bonds Fixings on September 24, 2010 is 106.92 with an annualised yield of 2.120%.
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 10-Year Government Bonds under the Institutional Bond Issuance Programme:-
Issue Number : 10GB2001
Stock code : 4203 (HKGB 2.93 2001)
Tender Date and Time : October 6, 2010 (Wednesday)
9.30 am to 10.30 am
Issue and Settlement
Date for Tender Amount : October 7, 2010 (Thursday)
Amount on Offer : HK$2 billion
Maturity : 10 years
Remaining Maturity : Approximately 9.27 years
Maturity Date : January 13, 2020
Interest Rate : 2.93% p.a. payable
semi-annually in arrears
Interest Payment Dates : January 12, 2011
July 12, 2011
January 12, 2012
July 12, 2012
January 14, 2013
July 12, 2013
January 13, 2014
July 14, 2014
January 12, 2015
July 13, 2015
January 12, 2016
July 12, 2016
January 12, 2017
July 12, 2017
January 12, 2018
July 12, 2018
January 14, 2019
July 12, 2019
January 13, 2020
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
(October 7, 2010) for the
tender amount is HK$349.19
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
date of dealing on fully fungible with the
the Stock Exchange existing 10GB2001
of Hong Kong Limited (Stock code: 4203) listed
on the Stock Exchange of
Hong Kong.
Price/Yield Table of the re-opening Government Bonds at tender for reference* only:-
Yield-to- Yield-to-
Maturity Price Maturity Price
1.12 115.91 2.12 106.88
1.17 115.44 2.17 106.45
1.22 114.97 2.22 106.02
1.27 114.50 2.27 105.59
1.32 114.04 2.32 105.17
1.37 113.57 2.37 104.75
1.42 113.11 2.42 104.33
1.47 112.65 2.47 103.91
1.52 112.19 2.52 103.50
1.57 111.74 2.57 103.08
1.62 111.29 2.62 102.67
1.67 110.83 2.67 102.26
1.72 110.39 2.72 101.86
1.77 109.94 2.77 101.45
1.82 109.50 2.82 101.05
1.87 109.05 2.87 100.65
1.92 108.61 2.92 100.25
1.97 108.18 2.97 99.85
2.02 107.74 3.02 99.45
2.07 107.31 3.07 99.06
2.12 106.88 3.12 98.67
* 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/Friday, September 24, 2010
Issued at HKT 20:59
NNNN
