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 (May 6) that a tender of 5-year Government Bonds (Bonds) through the re-opening of existing 10-year Government Bond issue 10GB2408 under the Institutional Bond Issuance Programme will be held on May 15, 2019 (Wednesday), for settlement on May 16, 2019 (Thursday).

    An additional amount of HK$2.5 billion of the outstanding 10-year Bonds (issue no. 10GB2408) will be on offer.  The Bonds will mature on August 7, 2024 and will carry interest at the rate of 2.22 per cent per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on May 6, 2019 is 102.97 with an annualised yield of 1.637 per cent.
 
     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.

HKSAR Government Institutional Bond Issuance Programme tender informatiom
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Tender information of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:-
 

Issue Number	:	10GB2408 (Re-open)
Stock code	:	4221 (HKGB 2.22 2408)
Tender Date and Time	:	Wednesday, May 15, 2019 9.30am to 10.30am
Issue and Settlement Date for tender amount	:	Thursday, May 16, 2019
Amount on Offer	:	HK$2.5 billion
Maturity	:	5 years
Remaining Maturity	:	Approximately 5.23 years
Maturity Date	:	August 7, 2024
Interest Rate	:	2.22 per cent p.a. payable semi-annually in arrears
Interest Payment Dates	:	August 7, 2019 February 7, 2020 August 7, 2020 February 8, 2021 August 9, 2021 February 7, 2022 August 8, 2022 February 7, 2023 August 7, 2023 February 7, 2024 August 7, 2024
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 (May 16, 2019) for the tender amount is HK$294.99 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 10GB2408 (Stock code: 4221) 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
0.637	108.14	1.637	102.94
0.687	107.87	1.687	102.69
0.737	107.60	1.737	102.44
0.787	107.34	1.787	102.19
0.837	107.07	1.837	101.94
0.887	106.81	1.887	101.69
0.937	106.55	1.937	101.45
0.987	106.28	1.987	101.20
1.037	106.02	2.037	100.95
1.087	105.76	2.087	100.71
1.137	105.50	2.137	100.46
1.187	105.24	2.187	100.22
1.237	104.98	2.237	99.98
1.287	104.73	2.287	99.73
1.337	104.47	2.337	99.49
1.387	104.21	2.387	99.25
1.437	103.96	2.437	99.01
1.487	103.70	2.487	98.77
1.537	103.45	2.537	98.53
1.587	103.20	2.587	98.29
1.637	102.94	2.637	98.06

 
* 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, May 6, 2019
Issued at HKT 19:31

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