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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 (January 9) that a tender of 10-year Government Bonds (Bonds) through the re-opening of existing 10-year Government Bond issue 10GB2108 under the Institutional Bond Issuance Programme will be held on January 16, 2012 (Monday), for settlement on January 17, 2012 (Tuesday).
An additional amount of HK$1.5 billion of the outstanding 10-Year Bonds (issue no. 10GB2108) will be on offer. The Bonds will mature on August 4, 2021 and will carry interest at the rate of 2.46% per annum payable semi-annually in arrears. The Bonds Fixings on January 9, 2012 is 107.93 with an annualised yield of 1.572%.
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 (GBHK <GO>) 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 : 10GB2108
Stock code : 4209 (HKGB 2.46 2108)
Tender Date and Time : January 16, 2012
(Monday)
9.30am to 10.30am
Issue and Settlement Date : January 17, 2012
(Tuesday)
Amount on Offer : HK$1.5 billion
Maturity : 10 years
Remaining Maturity : Approximately 9.55 years
Maturity Date : August 4, 2021
Interest Rate : 2.46% p.a., payable
semi-annually in arrears
Interest Payment Dates : February 6, 2012
August 6, 2012
February 4, 2013
August 5, 2013
February 4, 2014
August 4, 2014
February 4, 2015
August 4, 2015
February 4, 2016
August 4, 2016
February 6, 2017
August 4, 2017
February 5, 2018
August 6, 2018
February 4, 2019
August 5, 2019
February 4, 2020
August 4, 2020
February 4, 2021
August 4, 2021
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 17, 2012) for
the tender amount is
HK$559.40 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 date : The tender amount is
of dealing on the Stock fully fungible with
Exchange of Hong Kong the existing 10GB2108
Limited (Stock code: 4209)
listed on the Stock
Exchange of Hong Kong.
Price/Yield Table of the re-opening Government Bonds at tender for reference* only:
Yield-to- Price Yield-to- Price
Maturity Maturity
0.57 117.52 1.57 107.90
0.62 117.02 1.62 107.44
0.67 116.52 1.67 106.99
0.72 116.02 1.72 106.54
0.77 115.52 1.77 106.09
0.82 115.02 1.82 105.64
0.87 114.53 1.87 105.20
0.92 114.04 1.92 104.75
0.97 113.56 1.97 104.31
1.02 113.07 2.02 103.87
1.07 112.59 2.07 103.44
1.12 112.11 2.12 103.00
1.17 111.63 2.17 102.57
1.22 111.16 2.22 102.14
1.27 110.68 2.27 101.71
1.32 110.21 2.32 101.29
1.37 109.75 2.37 100.87
1.42 109.28 2.42 100.44
1.47 108.82 2.47 100.03
1.52 108.36 2.52 99.61
1.57 107.90 2.57 99.19
* 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, January 9, 2012
Issued at HKT 18:36
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