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Tender for the re-opening of 10-Year Government Bonds under the Institutional Bond Issuance Programme to be held on October 10 
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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 (October 2) 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 October 10 (Wednesday), for settlement on October 11 (Thursday).
 
     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 cent per annum payable semi-annually in arrears. The Bonds Fixings on October 2, 2018 is 100.47 with an annualised yield of 2.300 per cent.
 
     Under the Institutional Bond Issuance Programme, tender is open only to Recognised 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 : October 10, 2018 (Wednesday) 
9.30am to 10.30am
 
Issue and Settlement Date
 
: October 11, 2018 (Thursday)
 
Amount on Offer
 
: HK$4.0 billion
Maturity              
 
: 3 years
Remaining Maturity
 
  Approximately 2.82 years
Maturity Date : August 4, 2021
 
Interest Rate     : 2.46 per cent p.a., payable semi-annually in arrears
 
Interest Payment Dates  : 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 (October 11, 2018) for the tender amount is HK$222.41 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
1.300 103.21 2.300 100.47
1.350 103.07 2.350 100.33
1.400 102.93 2.400 100.20
1.450 102.79 2.450 100.07
1.500 102.65 2.500 99.93
1.550 102.51 2.550 99.80
1.600 102.37 2.600 99.67
1.650 102.24 2.650 99.53
1.700 102.10 2.700 99.40
1.750 101.96 2.750 99.27
1.800 101.82 2.800 99.14
1.850 101.69 2.850 99.00
1.900 101.55 2.900 98.87
1.950 101.41 2.950 98.74
2.000 101.28 3.000 98.61
2.050 101.14 3.050 98.48
2.100 101.01 3.100 98.35
2.150 100.87 3.150 98.22
2.200 100.74 3.200 98.09
2.250 100.60 3.250 97.96
2.300 100.47 3.300 97.83
 
* 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/Tuesday, October 2, 2018
Issued at HKT 18:15
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