Tender of 20-year Government Bonds under Institutional Bond Issuance Programme to be held on May 25
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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 (May 16) that a tender of 20-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on May 25 (Wednesday), for settlement on May 26 (Thursday).
      
     A total of HK$0.5 billion 20-year Bonds will be tendered. The Bonds will mature on May 26, 2042 and will carry interest at the rate of 3.30 per cent per annum payable semi-annually in arrears.
      
     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 20-year Government Bonds under the Institutional Bond Issuance Programme:
 
Issue Number : 20GB4205
Stock Code : 4255 (HKGB 3.30 4205)
Tender Date and Time : May 25, 2022 (Wednesday)
9.30am to 10.30am
Issue and Settlement Date for Tender Amount  : May 26, 2022 (Thursday)
Amount on Offer  : HK$0.5 billion
Maturity                : 20 years
Maturity Date : May 26, 2042 
Interest Rate     : 3.30% p.a. payable semi-annually in arrears 
Interest Payment Dates  : November 28, 2022
May 29, 2023
November 27, 2023
May 27, 2024
November 26, 2024
May 26, 2025
November 26, 2025
May 26, 2026
November 26, 2026
May 26, 2027
November 26, 2027
May 26, 2028
November 27, 2028
May 28, 2029
November 26, 2029
May 27, 2030
November 26, 2030
May 26, 2031
November 26, 2031
May 26, 2032
November 26, 2032
May 26, 2033
November 28, 2033
May 26, 2034
November 27, 2034
May 28, 2035
November 26, 2035
May 26, 2036
November 26, 2036
May 26, 2037
November 26, 2037
May 26, 2038
November 26, 2038
May 26, 2039
November 28, 2039
May 28, 2040
November 26, 2040
May 27, 2041
November 26, 2041
May 26, 2042 
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. 
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
: May 27, 2022
 
     Price/Yield Table of the Government Bonds at tender for reference* only:
 
Yield-to-Maturity Price Yield-to-Maturity Price
2.300 116.19 3.300 100.39
2.350 115.33 3.350 99.67
2.400 114.47 3.400 98.96
2.450 113.63 3.450 98.26
2.500 112.79 3.500 97.56
2.550 111.96 3.550 96.87
2.600 111.14 3.600 96.19
2.650 110.32 3.650 95.51
2.700 109.52 3.700 94.84
2.750 108.72 3.750 94.17
2.800 107.93 3.800 93.51
2.850 107.14 3.850 92.86
2.900 106.36 3.900 92.21
2.950 105.59 3.950 91.57
3.000 104.83 4.000 90.93
3.050 104.07 4.050 90.30
3.100 103.32 4.100 89.67
3.150 102.58 4.150 89.05
3.200 101.84 4.200 88.44
3.250 101.11 4.250 87.83
3.300 100.39 4.300 87.23
 
*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 16, 2022
Issued at HKT 17:20

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