Tender of 5-year Government Bonds under Institutional Bond Issuance Programme to be held on February 19
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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 10) that a tender of 5-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on February 19 (Wednesday), for settlement on February 20 (Thursday).

     A total of HK$3 billion 5-year Bonds will be tendered. The Bonds will mature on February 20, 2019 and will carry interest at the rate of 1.47% 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. 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 5-year Government Bonds under the Institutional Bond Issuance Programme:

Issue Number        :  05GB1902

Stock code          :  4219 (HKGB 1.47 1902)

Tender date and time:  February 19, 2014 (Wednesday)
                       9.30am to 10.30am

Issue and settlement:  February 20, 2014 (Thursday)
date

Amount on Offer     :  HK$3 billion

Maturity            :  Five years

Maturity Date       :  February 20, 2019

Interest Rate       :  1.47% p.a., payable
                       semi-annually in arrears

Interest Payment Dates :  August 20, 2014
                          February 23, 2015
                          August 20, 2015
                          February 22, 2016
                          August 22, 2016
                          February 20, 2017
                          August 21, 2017
                          February 20, 2018
                          August 20, 2018
                          February 20, 2019

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 :  February 21, 2014
date of dealing on
the Stock Exchange
of Hong Kong Limited

Price/Yield Table of the new Government Bonds at tender for reference* only:
        
Yield-to-      Price      Yield-to-      Price
Maturity                  Maturity
 0.470        104.94        1.470        100.03
 0.520        104.69        1.520         99.79
 0.570        104.43        1.570         99.55
 0.620        104.18        1.620         99.31
 0.670        103.93        1.670         99.08
 0.720        103.68        1.720         98.84
 0.770        103.43        1.770         98.61
 0.820        103.19        1.820         98.37
 0.870        102.94        1.870         98.14
 0.920        102.69        1.920         97.91
 0.970        102.45        1.970         97.68
 1.020        102.20        2.020         97.44
 1.070        101.96        2.070         97.21
 1.120        101.71        2.120         96.98
 1.170        101.47        2.170         96.75
 1.220        101.23        2.220         96.53
 1.270        100.99        2.270         96.30
 1.320        100.74        2.320         96.07
 1.370        100.50        2.370         95.84
 1.420        100.26        2.420         95.62
 1.470        100.03        2.470         95.39

* 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, February 10, 2014
Issued at HKT 16:30

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