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Tender for the re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme to be held on October 7
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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 (September 24) that a tender of 3-year Government Bonds (Bonds) through the re-opening of existing 5-year Government Bond issue 05GB1902 under the Institutional Bond Issuance Programme will be held on October 7 (Wednesday), for settlement on October 8 (Thursday).

     An additional amount of HK$4.2 billion of the outstanding 5-year Bonds (issue no. 05GB1902) will be on offer. The Bonds will mature on February 20, 2019 and will carry interest at the rate of 1.47% per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on September 24, 2015 is 102.47 with an annualised yield of 0.737%.

     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            :  05GB1902 (Re-open)

Stock code              :  4219 (HKGB 1.47 1902)

Tender Date and Time    :  Wednesday, 7 October 2015
                           9.30am to 10.30am

Issue and Settlement    :  October 8, 2015 (Thursday)
Date for tender amount

Amount on Offer         :  HK$4.2 billion

Maturity                :  3 years           

Remaining Maturity      :  Approximately 3.37 years

Maturity Date           :  February 20, 2019

Interest Rate           :  1.47% p.a. payable
                           semi-annually in arrears

Interest Payment Dates  :  February 22, 2016
                           August 22, 2016
                           February 20, 2017
                           August 21, 2017
                           February 20, 2018
                           August 20, 2018
                           February 20, 2019

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
                           (October 8, 2015) for the
                           tender amount is HK$98.67
                           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         05GB1902 (Stock code: 4219)
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-Maturity    Price   Yield-to-Maturity    Price
    -0.263          105.86        0.737          102.44
    -0.213          105.69        0.787          102.27
    -0.163          105.51        0.837          102.10
    -0.113          105.34        0.887          101.94
    -0.063          105.17        0.937          101.77
    -0.013          104.99        0.987          101.60
     0.037          104.82        1.037          101.44
     0.087          104.65        1.087          101.27
     0.137          104.47        1.137          101.11
     0.187          104.30        1.187          100.94
     0.237          104.13        1.237          100.78
     0.287          103.96        1.287          100.61
     0.337          103.79        1.337          100.45
     0.387          103.62        1.387          100.29
     0.437          103.45        1.437          100.12
     0.487          103.28        1.487           99.96
     0.537          103.11        1.537           99.80
     0.587          102.94        1.587           99.64
     0.637          102.77        1.637           99.48
     0.687          102.60        1.687           99.32
     0.737          102.44        1.737           99.15

* 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, September 24, 2015
Issued at HKT 17:09

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