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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 (April 1) that a tender of 5-year Government Bonds (Bonds) through the re-opening of existing 5-year Government Bond issue 05GB2002 under the Institutional Bond Issuance Programme will be held on April 15 (Wednesday), for settlement on April 16 (Thursday).
An additional amount of HK$3.2 billion of the outstanding 5-year Bonds (issue no. 05GB2002) will be on offer. The Bonds will mature on February 5, 2020 and will carry interest at the rate of 1.06% per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on April 1, 2015 is 99.82 with an annualised yield of 1.103%.
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 : 05GB2002 (Re-open)
Stock code : 4225 (HKGB 1.06 2002)
Tender Date and Time : April 15, 2015 (Wednesday)
9.30am to 10.30am
Issue and Settlement : April 16, 2015 (Thursday)
Date for tender
amount
Amount on Offer : HK$3.2 billion
Maturity : 5 years
Remaining Maturity : Approximately 4.81 years
Maturity Date : February 5, 2020
Interest Rate : 1.06% p.a. payable
semi-annually in arrears
Interest Payment Dates : August 5, 2015
February 5, 2016
August 5, 2016
February 6, 2017
August 7, 2017
February 5, 2018
August 6, 2018
February 8, 2019
August 5, 2019
February 5, 2020
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 (April 16, 2015)
for the tender amount
is HK$101.64 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
date of dealing on fully fungible with the
the Stock Exchange existing 05GB2002
of Hong Kong Limited (Stock code: 4225)
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
0.103 104.59 1.103 99.81
0.153 104.34 1.153 99.58
0.203 104.10 1.203 99.35
0.253 103.86 1.253 99.12
0.303 103.61 1.303 98.89
0.353 103.37 1.353 98.66
0.403 103.13 1.403 98.43
0.453 102.89 1.453 98.20
0.503 102.65 1.503 97.98
0.553 102.41 1.553 97.75
0.603 102.17 1.603 97.53
0.653 101.93 1.653 97.30
0.703 101.69 1.703 97.08
0.753 101.45 1.753 96.85
0.803 101.22 1.803 96.63
0.853 100.98 1.853 96.41
0.903 100.75 1.903 96.18
0.953 100.51 1.953 95.96
1.003 100.28 2.003 95.74
1.053 100.05 2.053 95.52
1.103 99.81 2.103 95.30
* 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/Wednesday, April 1, 2015
Issued at HKT 17:25
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