***********************************************************
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 (March 31) that a tender of 3-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on April 9 (Wednesday), for settlement on April 10 (Thursday).
A total of HK$3 billion 3-year Bonds will be tendered. The Bonds will mature on April 10, 2017 and will carry interest at the rate of 1.02% 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 : 03GB1704
Stock code : 4220 (HKGB 1.02 1704)
Tender Date and : April 9, 2014 (Wednesday)
Time 9.30am to 10.30am
Issue and Settlement : April 10, 2014 (Thursday)
Date
Amount on Offer : HK$3 billion
Maturity : Three years
Maturity Date : April 10, 2017
Interest Rate : 1.02% p.a., payable semi-
annually in arrears
Interest Payment Dates : October 10, 2014
April 10, 2015
October 12, 2015
April 11, 2016
October 10, 2016
April 10, 2017
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
date of dealing on
the Stock Exchange
of Hong Kong Limited : April 11, 2014
Price/Yield Table of the new Government Bonds at tender for reference* only:-
Yield-to- Price Yield-to- Price
Maturity Maturity
0.020 103.00 1.020 100.01
0.070 102.85 1.070 99.86
0.120 102.69 1.120 99.71
0.170 102.54 1.170 99.57
0.220 102.39 1.220 99.42
0.270 102.24 1.270 99.28
0.320 102.09 1.320 99.13
0.370 101.94 1.370 98.99
0.420 101.79 1.420 98.84
0.470 101.64 1.470 98.70
0.520 101.49 1.520 98.56
0.570 101.34 1.570 98.41
0.620 101.19 1.620 98.27
0.670 101.04 1.670 98.13
0.720 100.89 1.720 97.98
0.770 100.74 1.770 97.84
0.820 100.60 1.820 97.70
0.870 100.45 1.870 97.56
0.920 100.30 1.920 97.41
0.970 100.15 1.970 97.27
1.020 100.01 2.020 97.13
* 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, March 31, 2014
Issued at HKT 17:31
NNNN
