***********************************************************
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 28) that a tender of 10-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on August 6 (Wednesday), for settlement on August 7 (Thursday).
A total of HK$1 billion 10-year Bonds will be tendered. The Bonds will mature on August 7, 2024 and will carry interest at the rate of 2.22% 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 10-year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number : 10GB2408
Stock code : 4221 (HKGB 2.22 2408)
Tender Date and Time : August 6, 2014
(Wednesday)
9.30am to 10.30am
Issue and Settlement Date : August 7, 2014
(Thursday)
Amount on Offer : HK$1 billion
Maturity : 10 years
Maturity Date : August 7, 2024
Interest Rate : 2.22% p.a., payable
semi-annually in arrears
Interest Payment Dates : February 9, 2015
August 7, 2015
February 11, 2016
August 8, 2016
February 7, 2017
August 7, 2017
February 7, 2018
August 7, 2018
February 8, 2019
August 7, 2019
February 7, 2020
August 7, 2020
February 8, 2021
August 9, 2021
February 7, 2022
August 8, 2022
February 7, 2023
August 7, 2023
February 7, 2024
August 7, 2024
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 : August 8, 2014
of dealing on
the Stock Exchange
of Hong Kong Limited
Price/Yield Table of the new Government Bonds at tender for reference* only:
Yield-to-Maturity Price Yield-to-Maturity Price
1.220 109.42 2.220 100.11
1.270 108.93 2.270 99.67
1.320 108.45 2.320 99.23
1.370 107.96 2.370 98.79
1.420 107.48 2.420 98.36
1.470 107.00 2.470 97.93
1.520 106.53 2.520 97.50
1.570 106.05 2.570 97.07
1.620 105.58 2.620 96.65
1.670 105.11 2.670 96.22
1.720 104.64 2.720 95.80
1.770 104.18 2.770 95.38
1.820 103.72 2.820 94.97
1.870 103.26 2.870 94.55
1.920 102.80 2.920 94.14
1.970 102.35 2.970 93.73
2.020 101.89 3.020 93.32
2.070 101.44 3.070 92.92
2.120 101.00 3.120 92.52
2.170 100.55 3.170 92.11
2.220 100.11 3.220 91.71
* 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 28, 2014
Issued at HKT 17:51
NNNN
