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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 (June 27) that a tender of 5-year Government Bonds (Bonds) through the re-opening of existing 5-year Government Bond issue 05GB1902 under the Institutional Bond Issuance Programme will be held on July 9 (Wednesday), for settlement on July 10 (Thursday).
An additional amount of HK$2 billion of the outstanding 5-year Bonds (issue no. 05GB1902) will be on offer. The Bonds will mature on February 20, 2019 and will carry interest at the rate of 1.47% per annum payable semi-annually in arrears. The Bonds Fixings on June 27, 2014 is 100.30 with an annualised yield of 1.410%.
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 : 05GB1902 (Re-open)
Stock code : 4219 (HKGB 1.47 1902)
Tender Date and Time : July 9, 2014 (Wednesday)
9.30am to 10.30am
Issue and Settlement : July 10, 2014 (Thursday)
Date for tender
amount
Amount on Offer : HK$2 billion
Maturity : 5 years
Remaining Maturity : Approximately 4.62 years
Maturity Date : February 20, 2019
Interest Rate : 1.47% p.a. payable semi-
annually in arrears
Interest Payment Dates : August 20, 2014
February 23, 2015
August 20, 2015
February 22, 2016
August 22, 2016
February 20, 2017
August 21, 2017
February 20, 2018
August 20, 2018
February 20, 2019
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 (July 10, 2014) for
the tender amount is HK$281.92
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 05GB1902 (Stock code: 4219)
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
0.410 104.84 1.410 100.29
0.460 104.61 1.460 100.07
0.510 104.38 1.510 99.85
0.560 104.14 1.560 99.63
0.610 103.91 1.610 99.41
0.660 103.68 1.660 99.19
0.710 103.45 1.710 98.97
0.760 103.22 1.760 98.75
0.810 102.99 1.810 98.54
0.860 102.76 1.860 98.32
0.910 102.54 1.910 98.10
0.960 102.31 1.960 97.89
1.010 102.08 2.010 97.67
1.060 101.85 2.060 97.46
1.110 101.63 2.110 97.25
1.160 101.40 2.160 97.03
1.210 101.18 2.210 96.82
1.260 100.96 2.260 96.61
1.310 100.73 2.310 96.40
1.360 100.51 2.360 96.19
1.410 100.29 2.410 95.98
* 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, June 27, 2014
Issued at HKT 18:58
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