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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 (April 1) 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 Wednesday, April 13, for settlement on Thursday, April 14.
An additional amount of HK$4.0 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 April 1 is 102.16 with an annualised yield of 0.716%.
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, April 13, 2016
9.30am to 10.30am
Issue and Settlement : Thursday, April 14, 2016
Date for tender
amount
Amount on Offer : HK$4.0 billion
Maturity : 3 years
Remaining Maturity : Approximately 2.85 years
Maturity Date : February 20, 2019
Interest Rate : 1.47% p.a. payable
semi-annually in
arrears
Interest Payment Dates: 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 (April
14, 2016) for the tender
amount is HK$104.71 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
date of dealing on fully fungible with
the Stock Exchange the existing 05GB1902
of Hong Kong Limited (Stock code: 4219) 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
-0.284 105.03 0.716 102.13
-0.234 104.88 0.766 101.99
-0.184 104.73 0.816 101.84
-0.134 104.59 0.866 101.70
-0.084 104.44 0.916 101.56
-0.034 104.29 0.966 101.42
0.016 104.15 1.016 101.28
0.066 104.00 1.066 101.14
0.116 103.85 1.116 101.00
0.166 103.71 1.166 100.86
0.216 103.56 1.216 100.72
0.266 103.42 1.266 100.58
0.316 103.27 1.316 100.44
0.366 103.13 1.366 100.30
0.416 102.99 1.416 100.16
0.466 102.84 1.466 100.03
0.516 102.70 1.516 99.89
0.566 102.56 1.566 99.75
0.616 102.41 1.616 99.61
0.666 102.27 1.666 99.47
0.716 102.13 1.716 99.34
* 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/Friday, April 1, 2016
Issued at HKT 18:25
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