Traditional Chinese Simplified Chinese Email this article
Tender for re-opening of 5-Year Government Bonds under Institutional Bond Issuance Programme to be held on September 4

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 (August 26) that a tender of 2-year Government Bonds (Bonds) through the re-opening of existing 5-year Government Bond issue 05GB1512 under the Institutional Bond Issuance Programme will be held on September 4 (Wednesday), for settlement on September 5 (Thursday).

     An additional amount of HK$3.5 billion of the outstanding 5-year Bonds (issue no. 05GB1512) will be on offer as 2-year Bonds.  The Bonds will mature on December 2, 2015 and will carry interest at the rate of 1.43% per annum payable semi-annually in arrears. The Bonds Fixings on August 26, 2013 is 101.81 with an annualised yield of 0.626%.

     Under the Institutional Bond Issuance Programme, tender is open only to Recognized 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 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
Tender information of re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme:

Issue Number       :    05GB1512 (Re-open)

Stock code         :   4206 (HKGB 1.43 1512)

Tender Date        :   September 4, 2013 (Wednesday)
and Time               9.30am to 10.30am

Issue and          :   September 5, 2013 (Thursday)
Settlement Date
for Tender

Amount on Offer    :    HK$3.5 billion

Maturity           :    2 years

Remaining Maturity :    Approximately 2.24 years

Maturity Date      :    December 2, 2015

Interest Rate      :    1.43% p.a. payable semi-
                        annually in arrears

Interest Payment Dates: December 2, 2013
                        June 2, 2014
                        December 2, 2014
                        June 2, 2015
                        December 2, 2015

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
                       (September 5, 2013) for the
                       tender amount is HK$184.14
                       per minimum denomination of
                       (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 or
                       approach Primary Dealers.

Expected commencement : The tender amount is fully
date of dealing on      fungible with the existing
the Stock Exchange      05GB1512 (Stock code: 4206)
of Hong Kong Limited    listed on the Stock Exchange
                        of Hong Kong.

Price/Yield Table of the re-opening Government Bonds at tender for reference* only:

Yield-to-       Price        Yield-to-      Price
Maturity                     Maturity
 -0.374         104.06        0.626         101.79
 -0.324         103.95        0.676         101.68
 -0.274         103.83        0.726         101.56
 -0.224         103.71        0.776         101.45
 -0.174         103.60        0.826         101.34
 -0.124         103.49        0.876         101.23
 -0.074         103.37        0.926         101.12
 -0.024         103.26        0.976         101.01
  0.026         103.14        1.026         100.90
  0.076         103.03        1.076         100.79
  0.126         102.92        1.126         100.68
  0.176         102.80        1.176         100.57
  0.226         102.69        1.226         100.46
  0.276         102.58        1.276         100.35
  0.326         102.46        1.326         100.24
  0.376         102.35        1.376         100.13
  0.426         102.24        1.426         100.02
  0.476         102.12        1.476          99.91
  0.526         102.01        1.526          99.80
  0.576         101.90        1.576          99.69
  0.626         101.79        1.626          99.58

* 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, August 26, 2013
Issued at HKT 17:38


Print this page