Tender for re-opening of 3-year Government Bonds under Institutional Bond Issuance Programme to be held on October 21
******************************************************************************************
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (October 11) that a tender of 3-year Government Bonds (Bonds) through the re-opening of existing 3-year Government Bond issue 03GB2404 under the Institutional Bond Issuance Programme will be held on October 21 (Thursday) for settlement on October 22 (Friday).
An additional amount of HK$4.0 billion of the outstanding 3-year Bonds (issue number 03GB2404) will be on offer. The Bonds will mature on April 15, 2024 and will carry interest at the rate of 0.36 per cent per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on October 11 is 100.04 with an annualised yield of 0.344 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 information
________________________________________________________________
Tender information of re-opening of 3-year Government Bonds under the Institutional Bond Issuance Programme:
| Issue Number | : | 03GB2404 (Re-open) |
|||||
| Stock Code | : | 4245 (HKGB 0.36 2404) |
|||||
| Tender Date and Time | : | October 21, 2021 (Thursday) 9.30 am to 10.30 am |
|||||
| Issue and Settlement Date for Tender Amount |
: | October 22, 2021 (Friday) | |||||
Amount on Offer |
: | HK$4.0 billion | |||||
Maturity |
: | 3 years | |||||
| Remaining Maturity | : | Approximately 2.48 years |
|||||
| Maturity Date | : | April 15, 2024 |
|||||
| Interest Rate | : | 0.36 per cent p.a. payable semi-annually in arrears |
|||||
| Interest Payment Dates | : |
|
|||||
| 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 22, 2021) for the tender amount is HK$3.45 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 03GB2404 (Stock code: 4245) listed on the Stock Exchange of Hong Kong. |
| Yield-to-Maturity | Price | Yield-to-Maturity | Price |
| -0.656 | 102.55 | 0.344 | 100.04 |
| -0.606 | 102.42 | 0.394 | 99.92 |
| -0.556 | 102.29 | 0.444 | 99.79 |
| -0.506 | 102.17 | 0.494 | 99.67 |
| -0.456 | 102.04 | 0.544 | 99.55 |
| -0.406 | 101.91 | 0.594 | 99.43 |
| -0.356 | 101.79 | 0.644 | 99.30 |
| -0.306 | 101.66 | 0.694 | 99.18 |
| -0.256 | 101.53 | 0.744 | 99.06 |
| -0.206 | 101.41 | 0.794 | 98.94 |
| -0.156 | 101.28 | 0.844 | 98.82 |
| -0.106 | 101.16 | 0.894 | 98.70 |
| -0.056 | 101.03 | 0.944 | 98.58 |
| -0.006 | 100.91 | 0.994 | 98.46 |
| 0.044 | 100.78 | 1.044 | 98.34 |
| 0.094 | 100.66 | 1.094 | 98.22 |
| 0.144 | 100.53 | 1.144 | 98.10 |
| 0.194 | 100.41 | 1.194 | 97.98 |
| 0.244 | 100.29 | 1.244 | 97.86 |
| 0.294 | 100.16 | 1.294 | 97.74 |
| 0.344 | 100.04 | 1.344 | 97.62 |
* 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, October 11, 2021
Issued at HKT 18:45
Issued at HKT 18:45
NNNN