Tender of 2-Year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 2 March 2011
The following is issued by 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 (Monday) that a tender of 2-Year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 2 March 2011, for settlement on Thursday, 3 March 2011.
A total of HK$3.5 billion 2-Year Bonds will be tendered. The Bonds will mature on 4 March 2013 and will carry interest at the rate of 0.85% 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 http://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 Government Bond Programme’s website, the Reuters screen (HKGBINDEX), and Bloomberg (GBHK <GO>) not later than 3:00 pm on the tender day.
Hong Kong Monetary Authority
21 February 2011
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME TENDER INFORMATION
Tender information of 2-Year Government Bonds under the Institutional Bond Issuance Programme:-
Issue Number |
: |
02GB1303 |
Stock code |
: |
4207 (HKGB 0.85 1303) |
Tender Date and Time |
: |
Wednesday, 2 March 2011 |
Issue and Settlement Date |
: |
Thursday, 3 March 2011 |
Amount on Offer |
: |
HK$3.5 billion |
Maturity |
: |
Two years |
Maturity Date |
: |
4 March 2013 |
Interest Rate |
: |
0.85% p.a. |
Interest Payment Dates |
: |
5 September 2011 |
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 http://www.hkgb.gov.hk or approach Primary Dealers. |
Expected commencement date of dealing on |
: |
4 March 2011 |
Price/Yield Table of the new Government Bonds at tender for reference* only :-
Yield-to-Maturity
Price
Yield-to-Maturity
Price
-0.15
102.01
0.85
100.00
-0.10
101.91
0.90
99.90
-0.05
101.81
0.95
99.81
0.00
101.71
1.00
99.71
0.05
101.60
1.05
99.61
0.10
101.50
1.10
99.51
0.15
101.40
1.15
99.41
0.20
101.30
1.20
99.32
0.25
101.20
1.25
99.22
0.30
101.10
1.30
99.12
0.35
101.00
1.35
99.02
0.40
100.90
1.40
98.92
0.45
100.80
1.45
98.83
0.50
100.70
1.50
98.73
0.55
100.60
1.55
98.63
0.60
100.50
1.60
98.54
0.65
100.40
1.65
98.44
0.70
100.30
1.70
98.34
0.75
100.20
1.75
98.25
0.80
100.10
1.80
98.15
0.85
100.00
1.85
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.
Hong Kong Monetary Authority
21 February 2011