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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 (January 5) that a tender of 10-year Government Bonds (Bonds) through the re-opening of existing 10-year Government Bond issue 10GB2408 under the Institutional Bond Issuance Programme will be held on January 14, 2015 (Wednesday) for settlement on January 15, 2015 (Thursday).
An additional amount of HK$2.0 billion of the outstanding 10-year Bonds (issue no. 10GB2408) will be on offer. 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. The Bonds Fixings on January 5, 2015 is 101.98 with an annualised yield of 2.003%.
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 10-year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number : 10GB2408 (Re-open)
Stock code : 4221 (HKGB 2.22 2408)
Tender Date and Time : January 14, 2015 (Wednesday)
9.30am to 10.30am
Issue and Settlement Date : January 15, 2015 (Thursday)
for tender amount
Amount on Offer : HK$2.0 billion
Maturity : 10 years
Remaining Maturity : Approximately 9.57 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.
The accrued interest to be paid
by successful bidders on the
issue date (January 15, 2015)
for the tender amount is
HK$489.62 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 10GB2408 (Stock code: 4221)
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
1.003 111.09 2.003 101.97
1.053 110.61 2.053 101.53
1.103 110.14 2.103 101.10
1.153 109.66 2.153 100.67
1.203 109.19 2.203 100.25
1.253 108.72 2.253 99.82
1.303 108.26 2.303 99.40
1.353 107.79 2.353 98.98
1.403 107.33 2.403 98.56
1.453 106.87 2.453 98.15
1.503 106.41 2.503 97.74
1.553 105.96 2.553 97.32
1.603 105.51 2.603 96.91
1.653 105.06 2.653 96.51
1.703 104.61 2.703 96.10
1.753 104.16 2.753 95.70
1.803 103.72 2.803 95.30
1.853 103.28 2.853 94.90
1.903 102.84 2.903 94.50
1.953 102.40 2.953 94.11
2.003 101.97 3.003 93.71
* 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, January 5, 2015
Issued at HKT 17:51
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