Press release

Tender of 10-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 16 January 2013

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 10-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 16 January 2013, for settlement on Thursday, 17 January 2013.

A total of HK$1.5 billion 10-year Bonds will be tendered. The Bonds will mature on 17 January 2023 and will carry interest at the rate of 1.10% 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 HKMA’s website, 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
7 January 2013

HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME TENDER INFORMATION
Tender information of 10-Year Government Bonds under the Institutional Bond Issuance Programme:-

Issue Number

:

10GB2301

Stock code

:

4215 (HKGB 1.10 2301)

Tender Date and Time

:

Wednesday, 16 January 2013
9:30 am to 10:30 am

Issue and Settlement Date

:

Thursday, 17 January 2013

Amount on Offer

:

HK$1.5 billion

Maturity              

:

Ten years

Maturity Date

:

17 January 2023

Interest Rate    

:

1.10% p.a., payable semi-annually in arrears

Interest Payment Dates 

:

17 July 2013
17 January 2014
17 July 2014
19 January 2015
17 July 2015
18 January 2016
18 July 2016
17 January 2017
17 July 2017
17 January 2018
17 July 2018
17 January 2019
17 July 2019
17 January 2020
17 July 2020
18 January 2021
19 July 2021
17 January 2022
18 July 2022
17 January 2023

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
the Stock Exchange
of Hong Kong Limited

:

18 January 2013

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

Yield-to-Maturity
Price
Yield-to-Maturity
Price
0.10
109.95
1.10
100.03
0.15
109.43
1.15
99.56
0.20
108.91
1.20
99.09
0.25
108.39
1.25
98.63
0.30
107.88
1.30
98.17
0.35
107.37
1.35
97.71
0.40
106.86
1.40
97.25
0.45
106.35
1.45
96.80
0.50
105.85
1.50
96.35
0.55
105.35
1.55
95.90
0.60
104.85
1.60
95.45
0.65
104.36
1.65
95.01
0.70
103.87
1.70
94.57
0.75
103.38
1.75
94.13
0.80
102.89
1.80
93.69
0.85
102.41
1.85
93.26
0.90
101.93
1.90
92.82
0.95
101.45
1.95
92.39
1.00
100.97
2.00
91.96
1.05
100.50
2.05
91.54
1.10
100.03
2.10
91.12

 

* 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
7 January 2013