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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 (February 22) that a tender of 15-year Government Bonds (Bonds) through the re-opening of existing 15-year Government Bond issue 15GB3007 under the Institutional Bond Issuance Programme will be held on Wednesday, March 2 for settlement on Thursday, March 3.
An additional amount of HK$0.6 billion of the outstanding 15-year Bonds (issue no. 15GB3007) will be on offer. 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. The Indicative Pricings of the Bonds on February 22 is 104.49 with an annualised yield of 1.784%.
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 15-year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number : 15GB3007 (Re-open)
Stock code : 4227 (HKGB 2.13 3007)
Tender Date and Time : Wednesday, March 2, 2016
9.30am to 10.30am
Issue and Settlement : Thursday, March 3, 2016
Date for tender
amount
Amount on Offer : HK$0.6 billion
Maturity : 15 years
Remaining Maturity : Approximately 14.38 years
Maturity Date : July 16, 2030
Interest Rate : 2.13% p.a. payable
semi-annually in
arrears
Interest Payment Dates : 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.
The accrued interest to
be paid by successful
bidders on the issue
date (March 3, 2016)
for the tender amount
is HK$131.30 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
date of dealing on is fully fungible
the Stock Exchange with the existing
of Hong Kong Limited 15GB3007 (Stock code:
4227) 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
0.784 118.29 1.784 104.47
0.834 117.55 1.834 103.83
0.884 116.82 1.884 103.20
0.934 116.09 1.934 102.57
0.984 115.36 1.984 101.94
1.034 114.64 2.034 101.32
1.084 113.93 2.084 100.70
1.134 113.22 2.134 100.09
1.184 112.52 2.184 99.48
1.234 111.82 2.234 98.88
1.284 111.13 2.284 98.28
1.334 110.44 2.334 97.68
1.384 109.76 2.384 97.09
1.434 109.08 2.434 96.50
1.484 108.41 2.484 95.92
1.534 107.74 2.534 95.34
1.584 107.08 2.584 94.77
1.634 106.42 2.634 94.20
1.684 105.77 2.684 93.63
1.734 105.12 2.734 93.07
1.784 104.47 2.784 92.51
* 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, February 22, 2016
Issued at HKT 18:36
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