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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), announced today (August 27) that a tender of 2-Year Government Bonds (Bonds) through the re-opening of existing 5-Year Government Bond issue 05GB1411 under the Institutional Bond Issuance Programme will be held on September 5, 2012 (Wednesday), for settlement on September 6, 2012 (Thursday).
An additional amount of HK$3.5 billion of the outstanding 5-Year Bonds (issue no. 05GB1411) will be on offer as 2-Year Bonds. 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 August 27, 2012 is 103.91 with an annualised yield of 0.275%.
Under the Institutional Bond Issuance Programme, tender is open only to Recognized 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 : 05GB1411
Stock code : 4202 (HKGB 2.07 1411)
Tender Date and Time : September 5, 2012 (Wednesday)
9.30am to 10.30am
Issue and Settlement : September 6, 2012 (Thursday)
Date for tender amount
Amount on Offer : HK$3.5 billion
Maturity : 2 years
Remaining Maturity : Approximately 2.16 years
Maturity Date : November 3, 2014
Interest Rate : 2.07% p.a. payable
semi-annually
in arrears
Interest Payment Dates : 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
(September 6, 2012) for the
tender amount is HK$357.29
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 05GB1411 (Stock code: 4202)
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
-0.725 106.08 0.275 103.85
-0.675 105.97 0.325 103.74
-0.625 105.86 0.375 103.63
-0.575 105.75 0.425 103.53
-0.525 105.63 0.475 103.42
-0.475 105.52 0.525 103.31
-0.425 105.41 0.575 103.20
-0.375 105.30 0.625 103.09
-0.325 105.18 0.675 102.98
-0.275 105.07 0.725 102.87
-0.225 104.96 0.775 102.76
-0.175 104.85 0.825 102.66
-0.125 104.74 0.875 102.55
-0.075 104.63 0.925 102.44
-0.025 104.52 0.975 102.33
0.025 104.41 1.025 102.23
0.075 104.29 1.075 102.12
0.125 104.18 1.125 102.01
0.175 104.07 1.175 101.91
0.225 103.96 1.225 101.80
0.275 103.85 1.275 101.69
* 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, August 27, 2012
Issued at HKT 19:52
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