************************************************************
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 (January 11) that a tender of 10-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on January 20 (Wednesday), for settlement on January 21 (Thursday).
A total of HK$1.8 billion 10-year Bonds will be tendered. The Bonds will mature on January 21, 2026 and will carry interest at the rate of 1.68% 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 10-year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number : 10GB2601
Stock code : 4230 (HKGB 1.68 2601)
Tender Date and Time : January 20, 2016
(Wednesday)
9.30am to 10.30am
Issue and Settlement Date : January 21, 2016
(Thursday)
Amount on Offer : HK$1.8 billion
Maturity : Ten years
Maturity Date : January 21, 2026
Interest Rate : 1.68% p.a., payable
semi-annually in arrears
Interest Payment Dates : July 21, 2016
January 23, 2017
July 21, 2017
January 22, 2018
July 23, 2018
January 21, 2019
July 22, 2019
January 21, 2020
July 21, 2020
January 21, 2021
July 21, 2021
January 21, 2022
July 21, 2022
January 25, 2023
July 21, 2023
January 22, 2024
July 22, 2024
January 21, 2025
July 21, 2025
January 21, 2026
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
date of dealing on
the Stock Exchange
of Hong Kong Limited : January 22, 2016
Price/Yield Table of the new Government Bonds at tender for reference* only:
Yield-to- Price Yield-to- Price
Maturity Maturity
0.680 109.66 1.680 100.06
0.730 109.16 1.730 99.61
0.780 108.66 1.780 99.16
0.830 108.16 1.830 98.71
0.880 107.66 1.880 98.26
0.930 107.17 1.930 97.82
0.980 106.68 1.980 97.38
1.030 106.19 2.030 96.94
1.080 105.70 2.080 96.50
1.130 105.22 2.130 96.06
1.180 104.74 2.180 95.63
1.230 104.26 2.230 95.20
1.280 103.78 2.280 94.77
1.330 103.31 2.330 94.35
1.380 102.84 2.380 93.92
1.430 102.37 2.430 93.50
1.480 101.90 2.480 93.08
1.530 101.44 2.530 92.66
1.580 100.98 2.580 92.25
1.630 100.52 2.630 91.84
1.680 100.06 2.680 91.43
* 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, January 11, 2016
Issued at HKT 12:37
NNNN
