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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 (April 27) that a tender of 3-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on May 9, 2012 (Wednesday), for settlement on May 10, 2012 (Thursday).
A total of HK$3 billion 3-year Bonds will be tendered. The Bonds will mature on May 11, 2015 and will carry interest at the rate of 0.46% 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, 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 3-year Government Bonds under the Institutional Bond Issuance Programme:-
Issue Number : 03GB1505
Stock code : 4213 (HKGB 0.46 1505)
Tender Date and Time : May 9, 2012 (Wednesday)
9.30am to 10.30am
Issue and Settlement Date: May 10, 2012 (Thursday)
Amount on Offer : HK$3 billion
Maturity : Three years
Maturity Date : May 11, 2015
Interest Rate : 0.46% p.a., payable
semi-annually in arrears
Interest Payment Dates : November 12, 2012
May 10, 2013
November 11, 2013
May 12, 2014
November 10, 2014
May 11, 2015
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 : May 11, 2012
date 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
-0.54 103.04 0.46 100.00
-0.49 102.88 0.51 99.85
-0.44 102.73 0.56 99.70
-0.39 102.57 0.61 99.56
-0.34 102.42 0.66 99.41
-0.29 102.26 0.71 99.26
-0.24 102.11 0.76 99.11
-0.19 101.96 0.81 98.97
-0.14 101.81 0.86 98.82
-0.09 101.65 0.91 98.68
-0.04 101.50 0.96 98.53
0.01 101.35 1.01 98.38
0.06 101.20 1.06 98.24
0.11 101.05 1.11 98.09
0.16 100.90 1.16 97.95
0.21 100.75 1.21 97.80
0.26 100.60 1.26 97.66
0.31 100.45 1.31 97.52
0.36 100.30 1.36 97.37
0.41 100.15 1.41 97.23
0.46 100.00 1.46 97.09
* 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, April 27, 2012
Issued at HKT 17:21
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