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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 (July 10) that a tender of 5-year Government Bonds (Bonds) through the re-opening of existing Government Bond issue 05GB1802 under the Institutional Bond Issuance Programme will be held on July 17 (Wednesday), for settlement on July 18 (Thursday).
An additional amount of HK$2 billion of the outstanding 5-year Bonds (issue no. 05GB1802) will be on offer. The Bonds will mature on February 5, 2018 and will carry interest at the rate of 0.61% per annum payable semi-annually in arrears. The Bonds Fixings on July 10, 2013 is 97.14 with an annualised yield of 1.261%.
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
Tender information of re-opening of 5-Year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number : 05GB1802
Stock code : 4216 (HKGB 0.61 1802)
Tender Date and Time : July 17, 2013 (Wednesday)
9.30am to 10.30am
Issue and Settlement : July 18, 2013 (Thursday)
Date for Tender
Amount
Amount on Offer : HK$2 billion
Maturity : 5 years
Remaining Maturity : Approximately 4.56 years
Maturity Date : February 5, 2018
Interest Rate : 0.61% p.a. payable
semi-annually in arrears
Interest Payment : August 5, 2013
Dates February 5, 2014
August 5, 2014
February 5, 2015
August 5, 2015
February 5, 2016
August 5, 2016
February 6, 2017
August 7, 2017
February 5, 2018
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 (July 18, 2013) for
the tender amount is
HK$136.21 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
the Stock Exchange existing 05GB1802
of Hong Kong Limited: (Stock code: 4216) 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
0.261 101.58 1.261 97.15
0.311 101.35 1.311 96.93
0.361 101.12 1.361 96.71
0.411 100.90 1.411 96.50
0.461 100.67 1.461 96.29
0.511 100.45 1.511 96.07
0.561 100.22 1.561 95.86
0.611 100.00 1.611 95.65
0.661 99.78 1.661 95.44
0.711 99.55 1.711 95.23
0.761 99.33 1.761 95.02
0.811 99.11 1.811 94.81
0.861 98.89 1.861 94.60
0.911 98.67 1.911 94.39
0.961 98.45 1.961 94.18
1.011 98.23 2.011 93.97
1.061 98.01 2.061 93.77
1.111 97.79 2.111 93.56
1.161 97.58 2.161 93.36
1.211 97.36 2.211 93.15
1.261 97.15 2.261 92.95
* 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, July 10, 2013
Issued at HKT 17:34
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