Tender of 15-year Government Bonds under the Institutional Bond Issuance Programme to be held on March 1
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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 21) that a tender of 15-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, March 1, 2017, for settlement on Thursday, March 2, 2017.
 
     A total of HK$0.6 billion 15-year Bonds will be tendered.  The Bonds will mature on March 2, 2032 and will carry interest at the rate of 1.89% 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
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Tender information of 15-year Government Bonds under the Institutional Bond Issuance Programme:
 
Issue Number :
15GB3203
 
Stock code :
4232 (HKGB 1.89 3203)
 
Tender Date and Time :
Wednesday, March 1, 2017
9:30 am to 10:30 am
 
Issue and Settlement Date :
Thursday, March 2, 2017
 
Amount on Offer :
HK$0.6 billion
 

Maturity             
 
:
Fifteen years
 
Maturity Date :
2 March 2032
 
Interest Rate     :
1.89% p.a. payable semi-annually in arrears
 
Interest Payment Dates  :
September 4, 2017
March 2, 2018
September 3, 2018
March 4, 2019
September 2, 2019
March 2, 2020
September 2, 2020
March 2, 2021
September 2, 2021
March 2, 2022
September 2, 2022
March 2, 2023
September 4, 2023
March 4, 2024
September 2, 2024
March 3, 2025
September 2, 2025
March 2, 2026
September 2, 2026
March 2, 2027
September 2, 2027
March 2, 2028
September 4, 2028
March 2, 2029
September 3, 2029
March 4, 2030
September 2, 2030
March 3, 2031
September 2, 2031
March 2, 2032
 
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
 
: March 3, 2017
 
Price/Yield Table of the new Government Bonds at tender for reference* only:
 
Yield-to-Maturity Price Yield-to-Maturity Price
0.890 114.04 1.890 100.12
0.940 113.29 1.940 99.47
0.990 112.55 1.990 98.83
1.040 111.82 2.040 98.20
1.090 111.09 2.090 97.57
1.140 110.36 2.140 96.95
1.190 109.64 2.190 96.33
1.240 108.93 2.240 95.72
1.290 108.22 2.290 95.11
1.340 107.51 2.340 94.50
1.390 106.82 2.390 93.90
1.440 106.12 2.440 93.30
1.490 105.44 2.490 92.71
1.540 104.75 2.540 92.12
1.590 104.07 2.590 91.54
1.640 103.40 2.640 90.96
1.690 102.74 2.690 90.39
1.740 102.07 2.740 89.82
1.790 101.42 2.790 89.25
1.840 100.76 2.840 88.69
1.890 100.12 2.890 88.13
 
* 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 articular 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/Tuesday, February 21, 2017
Issued at HKT 17:30

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