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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 (October 24) that a tender of 3-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on November 5, 2014 (Wednesday), for settlement on November 6, 2014 (Thursday).
A total of HK$3 billion 3-year Bonds will be tendered. The Bonds will mature on November 6, 2017 and will carry interest at the rate of 0.83% per annum payable semi-annually in arrears.
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 3-year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number : 03GB1711
Stock code : 4224 (HKGB 0.83 1711)
Tender Date and : November 5, 2014 (Wednesday)
Time 9.30am to 10.30am
Issue and Settlement : November 6, 2014 (Thursday)
Date
Amount on Offer : HK$3 billion
Maturity : Three years
Maturity Date : November 6, 2017
Interest Rate : 0.83% p.a., payable
semi-annually in arrears
Interest Payment Dates: May 6, 2015
November 6, 2015
May 6, 2016
November 7, 2016
May 8, 2017
November 6, 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 : November 7, 2014
Price/Yield Table of the new Government Bonds at tender for reference* only :
Yield-to- Price Yield-to- Price
Maturity Maturity
-0.170 103.01 0.830 100.01
-0.120 102.86 0.880 99.86
-0.070 102.70 0.930 99.71
-0.020 102.55 0.980 99.56
0.030 ¡@102.40 1.030 99.42
0.080 ¡@102.25 1.080 99.27
0.130 ¡@102.10 1.130 99.13
0.180 ¡@101.94 1.180 98.98
0.230 ¡@101.79 1.230 98.84
0.280 ¡@101.64 1.280 98.69
0.330 ¡@101.49 1.330 98.55
0.380 ¡@101.34 1.380 98.40
0.430 ¡@101.19 1.430 98.26
0.480 ¡@101.04 1.480 98.12
0.530 ¡@100.89 1.530 97.97
0.580 ¡@100.74 1.580 97.83
0.630 ¡@100.60 1.630 97.69
0.680 100.45 1.680 97.54
0.730 100.30 1.730 97.40
0.780 100.15 1.780 97.26
0.830 100.01 1.830 97.12
* 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, October 24, 2014
Issued at HKT 18:10
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