Go to main content
Tender for re-opening of 5-year Government Bonds under Institutional Bond Issuance Programme to be held on October 5
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 (September 26) that a tender of 3-year Government Bonds (Bonds) through the re-opening of existing 5-year Government Bond issue 05GB2002 under the Institutional Bond Issuance Programme will be held on October 5 (Wednesday), for settlement on October 6 (Thursday).
     An additional amount of HK$4.0 billion of the outstanding 5-year Bonds (issue no. 05GB2002) will be on offer.  The Bonds will mature on February 5, 2020 and will carry interest at the rate of 1.06% per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on September 26, 2016 is 101.60 with an annualised yield of 0.579%.
     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, the Government Bond Programme’s website, the Reuters screen (HKGBINDEX), and Bloomberg (GBHK <GO>) not later than 3pm on the tender day.


Tender information of re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number : 05GB2002 (Re-open)
Stock code : 4225 (HKGB 1.06 2002)
Tender Date and Time : October 5, 2016 (Wednesday)
9.30am to 10.30am
Issue and Settlement Date for tender amount : October 6, 2016 (Thursday)
Amount on Offer : HK$4.0 billion
Maturity               : 3 years
Remaining Maturity : Approximately 3.33 years
Maturity Date : February 5, 2020
Interest Rate     : 1.06% p.a. payable semi-annually in arrears
Interest Payment Dates  : February 6, 2017
August 7, 2017
February 5, 2018
August 6, 2018
February 8, 2019
August 5, 2019
February 5, 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 (October 6, 2016) for the tender amount is HK$90.03 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 05GB2002 (Stock code: 4225) 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
-0.421 104.97 0.579 101.59
-0.371 104.80 0.629 101.42
-0.321 104.63 0.679 101.26
-0.271 104.46 0.729 101.09
-0.221 104.28 0.779 100.93
-0.171 104.11 0.829 100.76
-0.121 103.94 0.879 100.60
-0.071 103.77 0.929 100.44
-0.021 103.60 0.979 100.27
0.029 103.43 1.029 100.11
0.079 103.26 1.079 99.95
0.129 103.09 1.129 99.79
0.179 102.92 1.179 99.62
0.229 102.76 1.229 99.46
0.279 102.59 1.279 99.30
0.329 102.42 1.329 99.14
0.379 102.25 1.379 98.98
0.429 102.09 1.429 98.82
0.479 101.92 1.479 98.66
0.529 101.75 1.529 98.50
0.579 101.59 1.579 98.34
* 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, September 26, 2016
Issued at HKT 16:42
Today's Press Releases