Press release

Tender of 3-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 9 April 2014

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 3-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 9 April 2014, for settlement on Thursday, 10 April 2014.

A total of HK$3 billion 3-year Bonds will be tendered. The Bonds will mature on 10 April 2017 and will carry interest at the rate of 1.02% 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
31 March 2014

HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME TENDER INFORMATION
Tender information of 3-year Government Bonds under the Institutional Bond Issuance Programme:-

Issue Number

:

03GB1704

Stock code

:

4220 (HKGB 1.02 1704)

Tender Date and Time

:

Wednesday, 9 April 2014
9:30 am to 10:30 am

Issue and Settlement Date

:

Thursday, 10 April 2014

Amount on Offer

:

HK$3 billion

Maturity

:

Three years

Maturity Date

:

10 April 2017

Interest Rate

:

1.02% p.a., payable semi-annually in arrears

Interest Payment Dates

:

10 October 2014
10 April 2015
12 October 2015
11 April 2016
10 October 2016
10 April 2017

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

:

11 April 2014

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

Yield-to-Maturity
Price
Yield-to-Maturity
Price
0.020
103.00
1.020
100.01
0.070
102.85
1.070
99.86
0.120
102.69
1.120
99.71
0.170
102.54
1.170
99.57
0.220
102.39
1.220
99.42
0.270
102.24
1.270
99.28
0.320
102.09
1.320
99.13
0.370
101.94
1.370
98.99
0.420
101.79
1.420
98.84
0.470
101.64
1.470
98.70
0.520
101.49
1.520
98.56
0.570
101.34
1.570
98.41
0.620
101.19
1.620
98.27
0.670
101.04
1.670
98.13
0.720
100.89
1.720
97.98
0.770
100.74
1.770
97.84
0.820
100.60
1.820
97.70
0.870
100.45
1.870
97.56
0.920
100.30
1.920
97.41
0.970
100.15
1.970
97.27
1.020
100.01
2.020
97.13

 

* 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
31 March 2014