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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 (July 6) that a tender of 15-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on July 15 (Wednesday), for settlement on July 16 (Thursday).
A total of HK$0.6 billion 15-year Bonds will be tendered. The Bonds will mature on July 16, 2030 and will carry interest at the rate of 2.13% 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, 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
Tender information of 15-year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number : 15GB3007
Stock code : 4227 (HKGB 2.13 3007)
Tender Date and Time : July 15, 2015 (Wednesday)
9.30am to 10.30am
Issue and Settlement : July 16, 2015 (Thursday)
Date
Amount on Offer : HK$0.6 billion
Maturity : 15 years
Maturity Date : July 16, 2030
Interest Rate : 2.13% p.a., payable
semi-annually in arrears
Interest Payment Dates : January 18, 2016
July 18, 2016
January 16, 2017
July 17, 2017
January 16, 2018
July 16, 2018
January 16, 2019
July 16, 2019
January 16, 2020
July 16, 2020
January 18, 2021
July 16, 2021
January 17, 2022
July 18, 2022
January 16, 2023
July 17, 2023
January 16, 2024
July 16, 2024
January 16, 2025
July 16, 2025
January 16, 2026
July 16, 2026
January 18, 2027
July 16, 2027
January 17, 2028
July 17, 2028
January 16, 2029
July 16, 2029
January 16, 2030
July 16, 2030
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 : July 17, 2015
date of dealing on
the Stock Exchange
of Hong Kong Limited
Price/Yield Table of the new Government Bonds at tender for reference* only:
Yield-to Price Yield-to- Price
-Maturity Maturity
1.130 113.81 2.130 100.14
1.180 113.08 2.180 99.51
1.230 112.35 2.230 98.89
1.280 111.63 2.280 98.26
1.330 110.91 2.330 97.65
1.380 110.20 2.380 97.03
1.430 109.49 2.430 96.43
1.480 108.79 2.480 95.82
1.530 108.10 2.530 95.22
1.580 107.41 2.580 94.63
1.630 106.72 2.630 94.04
1.680 106.04 2.680 93.45
1.730 105.37 2.730 92.87
1.780 104.70 2.780 92.29
1.830 104.03 2.830 91.72
1.880 103.37 2.880 91.15
1.930 102.72 2.930 90.59
1.980 102.07 2.980 90.03
2.030 101.42 3.030 89.47
2.080 100.78 3.080 88.92
2.130 100.14 3.130 88.37
* 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, July 6, 2015
Issued at HKT 18:10
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