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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 23) 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 May 6 (Wednesday), for settlement on May 7 (Thursday).
An additional amount of HK$1.5 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 Indicative Pricings of the Bonds on April 23, 2015 is 105.56 with an annualised yield of 1.582%.
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 : May 6, 2015 (Wednesday)
9.30am to 10.30am
Issue and Settlement : May 7, 2015 (Thursday)
Date for tender
amount
Amount on Offer : HK$1.5 billion
Maturity : 10 years
Remaining Maturity : Approximately 9.26 years
Maturity Date : August 7, 2024
Interest Rate : 2.22% p.a. payable
semi-annually in arrears
Interest Payment Dates : 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 (May 7, 2015)
for the tender amount
is HK$264.58 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 10GB2408
of Hong Kong Limited (Stock code: 4221)
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
0.582 113.98 1.582 105.25
0.632 113.52 1.632 104.84
0.682 113.07 1.682 104.42
0.732 112.62 1.732 104.01
0.782 112.17 1.782 103.60
0.832 111.72 1.832 103.19
0.882 111.27 1.882 102.79
0.932 110.83 1.932 102.38
0.982 110.39 1.982 101.98
1.032 109.95 2.032 101.58
1.082 109.51 2.082 101.18
1.132 109.08 2.132 100.79
1.182 108.64 2.182 100.39
1.232 108.21 2.232 100.00
1.282 107.78 2.282 99.61
1.332 107.36 2.332 99.22
1.382 106.93 2.382 98.83
1.432 106.51 2.432 98.45
1.482 106.09 2.482 98.06
1.532 105.67 2.532 97.68
1.582 105.25 2.582 97.30
* 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/Thursday, April 23, 2015
Issued at HKT 17:16
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