Tender for re-opening of 10-year Government Bonds under Institutional Bond Issuance Programme to be held on December 1
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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), announced today (November 22) that a tender of 5-year Government Bonds (Bonds) through the re-opening of existing 10-year Government Bond issue 10GB2706 under the Institutional Bond Issuance Programme will be held on December 1, for settlement on December 2.

     An additional amount of HK$2.5 billion of the outstanding 10-year Bonds (issue number 10GB2706) will be on offer. The Bonds will mature on June 29, 2027 and will carry interest at the rate of 1.25 per cent per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on November 22 is 100.47 with an annualised yield of 1.167 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 Refinitiv 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 : 10GB2706 (Re-open)
Stock code : 4235 (HKGB 1.25 2706)
Tender Date and Time : December 1, 2021 (Wednesday)
9.30am to 10.30am
Issue and Settlement Date for tender amount : December 2, 2021 (Thursday)
Amount on Offer : HK$2.5 billion
Maturity : Five years
Remaining Maturity : Approximately 5.58 years
Maturity Date : June 29, 2027
Interest Rate : 1.25 per cent p.a. payable semi-annually in arrears
Interest Payment Dates  : December 29, 2021
June 29, 2022
December 29, 2022
June 29, 2023
December 29, 2023
June 28, 2024
December 30, 2024
June 30, 2025
December 29, 2025
June 29, 2026
December 29, 2026
June 29, 2027
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 (December 2, 2021) for the tender amount is HK$267.12 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 10GB2706 (Stock code: 4235) 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
0.167 106.01 1.167 100.46
0.217 105.72 1.217 100.20
0.267 105.43 1.267 99.93
0.317 105.15 1.317 99.66
0.367 104.87 1.367 99.40
0.417 104.59 1.417 99.13
0.467 104.31 1.467 98.87
0.517 104.02 1.517 98.61
0.567 103.75 1.567 98.35
0.617 103.47 1.617 98.09
0.667 103.19 1.667 97.83
0.717 102.91 1.717 97.57
0.767 102.64 1.767 97.31
0.817 102.36 1.817 97.05
0.867 102.09 1.867 96.79
0.917 101.82 1.917 96.54
0.967 101.54 1.967 96.28
1.017 101.27 2.017 96.03
1.067 101.00 2.067 95.77
1.117 100.73 2.117 95.52
1.167 100.46 2.167 95.27
 
* 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. Persons are encouraged to conduct their 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, November 22, 2021
Issued at HKT 17:52

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