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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 (August 25) that a tender of 2-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 September 3 (Wednesday), for settlement on September 4 (Thursday).
An additional amount of HK$3.5 billion of the outstanding 5-year Bonds (issue no. 05GB1612) will be on offer. 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 August 25, 2014 is 100.91 with an annualised yield of 0.571%.
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 and Time : September 3, 2014 (Wednesday)
9.30am to 10.30am
Issue and Settlement : September 4, 2014 (Thursday)
Date for tender
amount
Amount on Offer : HK$3.5 billion
Maturity : 2 years
Remaining Maturity : Approximately 2.26 years
Maturity Date : December 8, 2016
Interest Rate : 0.97% p.a. payable
semi-annually in arrears
Interest Payment Dates: 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
(September 4, 2014) for
the tender amount is
HK$115.60 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
-0.429 103.18 0.571 100.90
-0.379 103.07 0.621 100.78
-0.329 102.95 0.671 100.67
-0.279 102.84 0.721 100.56
-0.229 102.72 0.771 100.45
-0.179 102.61 0.821 100.34
-0.129 102.49 0.871 100.23
-0.079 102.38 0.921 100.11
-0.029 102.26 0.971 100.00
0.021 102.15 1.021 99.89
0.071 102.03 1.071 99.78
0.121 101.92 1.121 99.67
0.171 101.80 1.171 99.56
0.221 101.69 1.221 99.45
0.271 101.58 1.271 99.34
0.321 101.46 1.321 99.23
0.371 101.35 1.371 99.12
0.421 101.24 1.421 99.01
0.471 101.12 1.471 98.90
0.521 101.01 1.521 98.79
0.571 100.90 1.571 98.68
* 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, August 25, 2014
Issued at HKT 17:37
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