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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 (October 28) that a tender of 3-year Government Bonds (Bonds) through the re-opening of existing 5-year Government Bond issue 05GB1612 under the Institutional Bond Issuance Programme will be held on November 6 (Wednesday), for settlement on November 7 (Thursday).
An additional amount of HK$3 billion of the outstanding 5-year Bonds (issue no. 05GB1612) will be on offer as 3-year Bonds. 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 October 28, 2013 is 100.95 with an annualised yield of 0.663%.
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, 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 (Re-open)
Stock code : 4211 (HKGB 0.97 1612)
Tender Date : November 6, 2013 (Wednesday)
and Time 9.30am to 10.30am
Issue and : November 7, 2013 (Thursday)
Settlement Date
for tender
amount
Amount on Offer : HK$3 billion
Maturity : 3 years
Remaining Maturity : Approximately 3.1 years
Maturity Date : December 8, 2016
Interest Rate : 0.97% p.a. payable semi-
annually in arrears
Interest Payment Dates : 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
(November 7, 2013) for
the tender amount is
HK$199.32 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- Price Yield-to- Price
Maturity Maturity
-0.337 104.06 0.663 100.94
-0.287 103.90 0.713 100.79
-0.237 103.74 0.763 100.63
-0.187 103.58 0.813 100.48
-0.137 103.42 0.863 100.33
-0.087 103.26 0.913 100.18
-0.037 103.11 0.963 100.03
0.013 102.95 1.013 99.88
0.063 102.79 1.063 99.73
0.113 102.64 1.113 99.58
0.163 102.48 1.163 99.43
0.213 102.33 1.213 99.28
0.263 102.17 1.263 99.13
0.313 102.02 1.313 98.98
0.363 101.86 1.363 98.83
0.413 101.71 1.413 98.68
0.463 101.55 1.463 98.53
0.513 101.40 1.513 98.39
0.563 101.24 1.563 98.24
0.613 101.09 1.613 98.09
0.663 100.94 1.663 97.95
* 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, October 28, 2013
Issued at HKT 17:25
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