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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 (December 30) that a tender of 10-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Monday, January 11, 2010, for settlement on Tuesday, January 12, 2010.
A total of HK$2,500 million 10-year Bonds will be tendered. The Bonds will mature on January 13, 2020 and will carry interest at the rate of 2.93% per annum payable semi-annually in arrears.
Under the Institutional Bond Issuance Programme, tender is open only to Recognised Dealers which are appointed as Primary Dealers. Any tender applications for the Bonds must be submitted through a Primary Dealer on the current published list, which can be obtained from the Government Bond Programme's website at http://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 not later than 3pm on the tender day.
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
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Tender information of 10-Year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number : 10GB2001
Stock code : 4203 (HKGB 2.93 2001)
Tender Date and Time : Monday, January 11, 2010
9.30am to 10.30am
Issue and Settlement Date: Tuesday, January 12, 2010
Amount on Offer : HK$2,500 million
Maturity : Ten years
Maturity Date : January 13, 2020
Interest Rate : 2.93% p.a.
Interest Payment Dates : July 12, 2010
January 12, 2011
July 12, 2011
January 12, 2012
July 12, 2012
January 14, 2013
July 12, 2013
January 13, 2014
July 14, 2014
January 12, 2015
July 13, 2015
January 12, 2016
July 12, 2016
January 12, 2017
July 12, 2017
January 12, 2018
July 12, 2018
January 14, 2019
July 12, 2019
January 13, 2020
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
http://www.hkgb.gov.hk or
approach Primary Dealers.
Expected commencement
date of dealing on the
Stock Exchange of Hong
Kong Limited : January 13, 2010
Price/Yield Table of the new Government Bonds at tender for reference* only:
Yield-to-Maturity Price Yield-to-Maturity Price
1.93 109.14 2.93 100.18
1.98 108.67 2.98 99.76
2.03 108.20 3.03 99.34
2.08 107.74 3.08 98.92
2.13 107.28 3.13 98.50
2.18 106.81 3.18 98.08
2.23 106.36 3.23 97.67
2.28 105.90 3.28 97.26
2.33 105.45 3.33 96.85
2.38 105.00 3.38 96.44
2.43 104.55 3.43 96.04
2.48 104.10 3.48 95.63
2.53 103.66 3.53 95.23
2.58 103.21 3.58 94.83
2.63 102.77 3.63 94.43
2.68 102.34 3.68 94.04
2.73 101.90 3.73 93.65
2.78 101.47 3.78 93.26
2.83 101.04 3.83 92.87
2.88 100.61 3.88 92.48
2.93 100.18 3.93 92.09
* 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/Wednesday, December 30, 2009
Issued at HKT 17:01
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