Tender of 15-year Government Bonds under the Institutional Bond Issuance Programmeto be held on July 15
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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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