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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 (July 29) that a tender of 10-year Government Bonds (Bonds) through the re-opening of existing Government Bond issue 10GB2301 under the Institutional Bond Issuance Programme will be held on August 7 (Wednesday), for settlement on August 8 (Thursday).
An additional amount of HK$1.5 billion of the outstanding 10-year Bonds (issue no. 10GB2301) will be on offer. The Bonds will mature on January 17, 2023 and will carry interest at the rate of 1.10% per annum payable semi-annually in arrears. The Bonds Fixings on July 29, 2013 is 88.66 with an annualised yield of 2.464%.
Under the Institutional Bond Issuance Programme, tender is open only to Recognized 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
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Tender information of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number : 10GB2301 (Re-open)
Stock code : 4215 (HKGB 1.10 2301)
Tender Date and Time : August 7, 2013 (Wednesday)
9.30am to 10.30am
Issue and : August 8, 2013 (Thursday)
Settlement Date
for Tender Amount
Amount on Offer : HK$1.5 billion
Maturity : 10 years
Remaining Maturity : Approximately 9.45 years
Maturity Date : January 17, 2023
Interest Rate : 1.10% p.a. payable
semi-annually in arrears
Interest Payment : January 17, 2014
Dates July 17, 2014
January 19, 2015
July 17, 2015
January 18, 2016
July 18, 2016
January 17, 2017
July 17, 2017
January 17, 2018
July 17, 2018
January 17, 2019
July 17, 2019
January 17, 2020
July 17, 2020
January 18, 2021
July 19, 2021
January 17, 2022
July 18, 2022
January 17, 2023
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
(August 8, 2013) for the
tender amount is HK$33.15 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 date with the
the Stock Exchange of existing 10GB2301 (Stock
Hong Kong Limited code: 4215) 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
1.464 96.85 2.464 88.69
1.514 96.42 2.514 88.30
1.564 95.99 2.564 87.92
1.614 95.57 2.614 87.54
1.664 95.15 2.664 87.16
1.714 94.73 2.714 86.78
1.764 94.31 2.764 86.40
1.814 93.90 2.814 86.03
1.864 93.49 2.864 85.65
1.914 93.08 2.914 85.28
1.964 92.67 2.964 84.91
2.014 92.26 3.014 84.54
2.064 91.86 3.064 84.18
2.114 91.45 3.114 83.81
2.164 91.05 3.164 83.45
2.214 90.65 3.214 83.09
2.264 90.26 3.264 82.73
2.314 89.86 3.314 82.37
2.364 89.47 3.364 82.02
2.414 89.08 3.414 81.67
2.464 88.69 3.464 81.31
* 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, July 29, 2013
Issued at HKT 17:37
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