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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 (February 25) that a tender of 2-Year Government Bonds (Bonds) through the re-opening of existing 3-Year Government Bond issue 03GB1505 under the Institutional Bond Issuance Programme will be held on March 6 (Wednesday), for settlement on March 7 (Thursday).
An additional amount of HK$3.5 billion of the outstanding 3-Year Bonds (issue no. 03GB1505) will be on offer as 2-Year Bonds. 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. The Bonds Fixings on February 25, 2013 is 100.35 with an annualised yield of 0.301%.
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 3-Year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number : 03GB1505
Stock code : 4213 (HKGB 0.46 1505)
Tender Date and Time : March 6, 2013 (Wednesday)
9.30am to 10.30am
Issue and : March 7, 2013 (Thursday)
Settlement Date
for tender
amount
Amount on Offer : HK$3.5 billion
Maturity : Two years
Remaining Maturity : Approximately 2.18 years
Maturity Date : May 11, 2015
Interest Rate : 0.46% p.a. payable
semi-annually in arrears
Interest Payment Dates : 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.
The accrued interest to be
paid by successful bidders on
the issue date (March 7, 2013)
for the tender amount is
HK$72.47 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 03GB1505 (Stock code: 4213)
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- Price Yield-to- Price
Maturity Maturity
-0.699 102.56 0.301 100.35
-0.649 102.44 0.351 100.24
-0.599 102.33 0.401 100.13
-0.549 102.22 0.451 100.02
-0.499 102.11 0.501 99.91
-0.449 102.00 0.551 99.80
-0.399 101.89 0.601 99.70
-0.349 101.77 0.651 99.59
-0.299 101.66 0.701 99.48
-0.249 101.55 0.751 99.37
-0.199 101.44 0.801 99.27
-0.149 101.33 0.851 99.16
-0.099 101.22 0.901 99.05
-0.049 101.11 0.951 98.95
0.001 101.00 1.001 98.84
0.051 100.89 1.051 98.73
0.101 100.78 1.101 98.63
0.151 100.67 1.151 98.52
0.201 100.56 1.201 98.42
0.251 100.45 1.251 98.31
0.301 100.35 1.301 98.21
* 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, February 25, 2013
Issued at HKT 18:02
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