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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 26) that a tender of 2-year Government Bonds (Bonds) through the re-opening of existing 3-year Government Bond issue 03GB1605 under the Institutional Bond Issuance Programme will be held on March 7 (Friday), for settlement on March 10 (Monday).
An additional amount of HK$3.5 billion of the outstanding 3-year Bonds (issue no. 03GB1605) will be on offer. 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. The Bonds Fixings on February 26, 2014 is 99.53 with an annualised yield of 0.557%.
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 3-year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number : 03GB1605 (Re-open)
Stock code : 4217 (HKGB 0.34 1605)
Tender Date and time : March 7, 2014 (Friday)
9.30am to 10.30am
Issue and settlement : March 10, 2014 (Monday)
date for tender
amount
Amount on Offer : HK$3.5 billion
Maturity : 2 years
Remaining Maturity : Approximately 2.17 years
Maturity Date : May 9, 2016
Interest Rate : 0.34% p.a. payable
semi-annually in arrears
Interest Payment Dates : 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.
The accrued interest to be
paid by successful bidders
on the issue date
(March 10, 2014) for the
tender amount is HK$55.42 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 03GB1605 (Stock code: 4217)
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
-0.443 101.71 0.557 99.53
-0.393 101.60 0.607 99.43
-0.343 101.49 0.657 99.32
-0.293 101.38 0.707 99.21
-0.243 101.27 0.757 99.11
-0.193 101.16 0.807 99.00
-0.143 101.05 0.857 98.90
-0.093 100.94 0.907 98.79
-0.043 100.83 0.957 98.68
0.007 100.72 1.007 98.58
0.057 100.61 1.057 98.47
0.107 100.50 1.107 98.37
0.157 100.40 1.157 98.26
0.207 100.29 1.207 98.16
0.257 100.18 1.257 98.05
0.307 100.07 1.307 97.95
0.357 99.96 1.357 97.84
0.407 99.86 1.407 97.74
0.457 99.75 1.457 97.64
0.507 99.64 1.507 97.53
0.557 99.53 1.557 97.43
* 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/Wednesday, February 26, 2014
Issued at HKT 18:46
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