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 11) that a tender of 3-year Government Bonds (Bonds) through the re-opening of existing 10-year Government Bond issue 10GB2108 under the Institutional Bond Issuance Programme will be held on Wednesday, April 18, for settlement on Thursday, April 19.
 
     An additional amount of HK$4.0 billion of the outstanding 10-Year Bonds (issue no. 10GB2108) will be on offer.  The Bonds will mature on August 4, 2021 and will carry interest at the rate of 2.46% per annum payable semi-annually in arrears.  The Bonds Fixings on April 11, 2018 is 102.65 with an annualised yield of 1.644%.

     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 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.

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	:	10GB2108 (Re-open)
Stock code	:	4209 (HKGB 2.46 2108)
Tender Date and Time	:	Wednesday, April 18, 2018 9.30am to 10.30am
Issue and Settlement Date	:	Thursday, April 19, 2018
Amount on Offer	:	HK$4.0 billion
Maturity	:	3 years
Remaining Maturity		Approximately 3.30 years
Maturity Date	:	August 4, 2021
Interest Rate	:	2.46% p.a., payable semi-annually in arrears
Interest Payment Dates	:	August 6, 2018 February 4, 2019 August 5, 2019 February 4, 2020 August 4, 2020 February 4, 2021 August 4, 2021
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 (April 19, 2018) for the tender amount is  HK$246.00 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 10GB2108 (Stock code: 4209) 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
0.644	105.92	1.644	102.63
0.694	105.75	1.694	102.47
0.744	105.58	1.744	102.31
0.794	105.42	1.794	102.15
0.844	105.25	1.844	101.99
0.894	105.08	1.894	101.83
0.944	104.92	1.944	101.67
0.994	104.75	1.994	101.51
1.044	104.59	2.044	101.35
1.094	104.42	2.094	101.19
1.144	104.26	2.144	101.04
1.194	104.09	2.194	100.88
1.244	103.93	2.244	100.72
1.294	103.76	2.294	100.56
1.344	103.60	2.344	100.41
1.394	103.44	2.394	100.25
1.444	103.28	2.444	100.10
1.494	103.11	2.494	99.94
1.544	102.95	2.544	99.78
1.594	102.79	2.594	99.63
1.644	102.63	2.644	99.47

 
 
* 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, April 11, 2018
Issued at HKT 17:20

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