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 (July 4) that a tender of 10-year Government Bonds (Bonds) through the re-opening of existing 15-year Government Bond issue 15GB3203 under the Institutional Bond Issuance Programme will be held on July 13, 2022 (Wednsday), for settlement on July 14, 2022 (Thursday).
      
     An additional amount of HK$1.5 billion of the outstanding 15-year Bonds (issue no. 15GB3203) will be on offer. The Bonds will mature on March 2, 2032, and will carry interest at the rate of 1.89 per cent per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on July 4, 2022 is 92.64 with an annualised yield of 2.783 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 15-year Government Bonds under the Institutional Bond Issuance Programme:
 

Issue Number	:	15GB3203 (Re-open)
Stock Code	:	4232 (HKGB 1.89 3203)
Tender Date and Time	:	July 13, 2022 (Wednesday) 9.30am to 10.30am
Issue and Settlement Date for Tender Amount	:	July 14, 2022 (Thursday)
Amount on Offer	:	HK$1.5 billion
Maturity	:	10 years
Remaining Maturity	:	Approximately 9.64 years
Maturity Date	:	March 2, 2032
Interest Rate	:	1.89% p.a. payable semi-annually in arrears
Interest Payment Dates	:	September 2, 2022 March 2, 2023 September 4, 2023 March 4, 2024 September 2, 2024 March 3, 2025 September 2, 2025 March 2, 2026 September 2, 2026 March 2, 2027 September 2, 2027 March 2, 2028 September 4, 2028 March 2, 2029 September 3, 2029 March 4, 2030 September 2, 2030 March 3, 2031 September 2, 2031 March 2, 2032
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 (July 14, 2022) for the tender amount is HK$346.93 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 15GB3203 (Stock code: 4232) listed on the Stock Exchange of Hong Kong.

 
Price/Yield Table of the Government Bonds at tender for reference* only:
 

Yield-to-Maturity	Price	Yield-to-Maturity	Price
1.783	101.01	2.783	92.65
1.833	100.57	2.833	92.26
1.883	100.14	2.883	91.86
1.933	99.70	2.933	91.47
1.983	99.27	2.983	91.08
2.033	98.84	3.033	90.69
2.083	98.41	3.083	90.30
2.133	97.99	3.133	89.92
2.183	97.57	3.183	89.54
2.233	97.15	3.233	89.16
2.283	96.73	3.283	88.78
2.333	96.31	3.333	88.40
2.383	95.90	3.383	88.03
2.433	95.48	3.433	87.65
2.483	95.07	3.483	87.28
2.533	94.66	3.533	86.91
2.583	94.26	3.583	86.54
2.633	93.85	3.633	86.18
2.683	93.45	3.683	85.81
2.733	93.05	3.733	85.45
2.783	92.65	3.783	85.09

 
* 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, July 4, 2022
Issued at HKT 17:10

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