***********************************************************
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
---------------------------------------------------------
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
NNNN
