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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 26) that a tender of 3-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on May 8 (Wednesday), for settlement on May 9 (Thursday).
A total of HK$3 billion 3-year Bonds will be tendered. The Bonds will mature on May 9, 2016 and will carry interest at the rate of 0.34% 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 : 03GB1605
Stock code : 4217 (HKGB 0.34 1605)
Tender Date and Time : May 8, 2013 (Wednesday)
9.30am to 10.30am
Issue and Settlement Date: May 9, 2013 (Thursday)
Amount on Offer : HK$3 billion
Maturity : Three years
Maturity Date : May 9, 2016
Interest Rate : 0.34% p.a., payable
semi-annually in arrears
Interest Payment Dates : November 11, 2013
May 9, 2014
November 10, 2014
May 11, 2015
November 9, 2015
May 9, 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.
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 10, 2013
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
-0.66 103.04 0.34 100.00
-0.61 102.88 0.39 99.85
-0.56 102.73 0.44 99.70
-0.51 102.58 0.49 99.56
-0.46 102.42 0.54 99.41
-0.41 102.27 0.59 99.26
-0.36 102.12 0.64 99.11
-0.31 101.96 0.69 98.97
-0.26 101.81 0.74 98.82
-0.21 101.66 0.79 98.67
-0.16 101.50 0.84 98.53
-0.11 101.35 0.89 98.38
-0.06 101.20 0.94 98.24
-0.01 101.05 0.99 98.09
0.04 100.90 1.04 97.95
0.09 100.75 1.09 97.80
0.14 100.60 1.14 97.66
0.19 100.45 1.19 97.51
0.24 100.30 1.24 97.37
0.29 100.15 1.29 97.23
0.34 100.00 1.34 97.08
* 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 26, 2013
Issued at HKT 18:32
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