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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 25) that a tender of 5-year Government Bonds (Bonds) through the re-opening of existing Government Bond issue 05GB1612 under the Institutional Bond Issuance Programme will be held on June 6, 2012 (Wednesday), for settlement on June 7, 2012 (Thursday).
An additional amount of HK$1.5 billion of the outstanding 5-Year Bonds (issue no. 05GB1612) will be on offer. The Bonds will mature on December 8, 2016 and will carry interest at the rate of 0.97% per annum payable semi-annually in arrears. The Bonds Fixings on May 25, 2012 is 101.55 with an annualised yield of 0.625%.
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
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Tender information of re-opening of 5-Year Government Bonds under the Institutional Bond Issuance Programme:-
Issue Number : 05GB1612
Stock code : 4211 (HKGB 0.97 1612)
Tender Date and Time : June 6, 2012 (Wednesday)
9.30am to 10.30am
Issue and Settlement : June 7, 2012 (Thursday)
Date
Amount on Offer : HK$1.5 billion
Maturity : 5 years
Remaining Maturity : Approximately 4.5 years
Maturity Date : December 8, 2016
Interest Rate : 0.97% p.a. payable
semi-annually in arrears
Interest Payment : June 8, 2012
Dates December 10, 2012
June 10, 2013
December 9, 2013
June 9, 2014
December 8, 2014
June 8, 2015
December 8, 2015
June 8, 2016
December 8, 2016
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 7, 2012)
for the tender amount is
HK$241.84 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 fully
date of dealing on fungible with the existing
the Stock Exchange 05GB1612 (Stock code: 4211)
of Hong Kong Limited listed on the Stock Exchange
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
-0.38 106.14 0.63 101.53
-0.33 105.90 0.68 101.31
-0.28 105.67 0.73 101.09
-0.23 105.43 0.78 100.87
-0.18 105.20 0.83 100.65
-0.13 104.97 0.88 100.43
-0.08 104.74 0.93 100.21
-0.03 104.50 0.98 99.99
0.03 104.25 1.03 99.77
0.08 104.02 1.08 99.55
0.13 103.79 1.13 99.34
0.18 103.56 1.18 99.12
0.23 103.34 1.23 98.90
0.28 103.11 1.28 98.69
0.33 102.88 1.33 98.47
0.38 102.65 1.38 98.26
0.43 102.43 1.43 98.04
0.48 102.20 1.48 97.83
0.53 101.98 1.53 97.62
0.58 101.76 1.58 97.41
0.63 101.53 1.63 97.20
* 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, May 25, 2012
Issued at HKT 17:28
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