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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 26) that a tender of 10-year Government Bonds (Bonds) through the re-opening of existing Government Bond issue 10GB2001 under the Institutional Bond Issuance Programme will be held on Wednesday, May 5, 2010, for settlement on Thursday, May 6, 2010.
An additional amount of HK$3,000 million of the outstanding 10-year Bonds (issue no. 10GB2001) will be on offer. 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. The Bonds Fixings on April 26, 2010 is 99.96 with an annualised yield of 2.958%.
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 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 re-opening 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 : Wednesday, May 5, 2010
9.30am to 10.30am
Issue and Settlement
Date for tender amount : Thursday, May 6, 2010
Amount on Offer : HK$3,000 million
Maturity : 10 years
Maturity Date : January 13, 2020
Interest Rate : 2.93% p.a. payable
semi-annually in arrears
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.
The accrued interest to be paid by successful bidders on the issue date (May 6, 2010) for the tender amount is HK$457.56 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 date of dealing on the Stock Exchange of Hong Kong Limited:
The tender amount is fully fungible with the existing 10GB2001 (Stock code: 4203) 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
1.96 108.63 2.96 99.94
2.01 108.17 3.01 99.53
2.06 107.72 3.06 99.12
2.11 107.27 3.11 98.71
2.16 106.82 3.16 98.31
2.21 106.37 3.21 97.90
2.26 105.93 3.26 97.50
2.31 105.49 3.31 97.10
2.36 105.05 3.36 96.71
2.41 104.61 3.41 96.31
2.46 104.18 3.46 95.92
2.51 103.74 3.51 95.52
2.56 103.31 3.56 95.13
2.61 102.88 3.61 94.75
2.66 102.46 3.66 94.36
2.71 102.03 3.71 93.97
2.76 101.61 3.76 93.59
2.81 101.19 3.81 93.21
2.86 100.77 3.86 92.83
2.91 100.36 3.91 92.46
2.96 99.94 3.96 92.08
* 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, April 26, 2010
Issued at HKT 19:33
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