Tender for the re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 9 July 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 (Friday) that a tender of 5-year Government Bonds (Bonds) through the re-opening of existing 5-year Government Bond issue 05GB1902 under the Institutional Bond Issuance Programme will be held on Wednesday, 9 July 2014, for settlement on Thursday, 10 July 2014.
An additional amount of HK$2 billion of the outstanding 5-year Bonds (issue no. 05GB1902) will be on offer. The Bonds will mature on 20 February 2019 and will carry interest at the rate of 1.47% per annum payable semi-annually in arrears. The Bonds Fixings on 27 June 2014 is 100.30 with an annualised yield of 1.410%.
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, the Government Bond Programme’s website, the Reuters screen (HKGBINDEX), and Bloomberg (GBHK
Hong Kong Monetary Authority
27 June 2014
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME TENDER INFORMATION
Tender information of re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme:-
Issue Number |
: |
05GB1902 (Re-open) |
Stock code |
: |
4219 (HKGB 1.47 1902) |
Tender Date and Time |
: |
Wednesday, 9 July 2014 |
Issue and Settlement Date |
: |
Thursday, 10 July 2014 |
Amount on Offer |
: |
HK$2 billion |
Maturity |
: |
5 years |
Remaining Maturity |
: |
Approximately 4.62 years |
Maturity Date |
: |
20 February 2019 |
Interest Rate |
: |
1.47% p.a. payable semi-annually in arrears |
Interest Payment Dates |
: |
20 August 2014 |
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 (10 July 2014) for the tender amount is HK$281.92 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 http://www.hkgb.gov.hk or approach Primary Dealers. |
Expected commencement date of dealing on |
: |
The tender amount is fully fungible with the existing 05GB1902 (Stock code: 4219) listed on the Stock Exchange of Hong Kong. |
Price/Yield Table of the new Government Bonds at tender for reference* only :-
Yield-to-Maturity
Price
Yield-to-Maturity
Price
0.410
104.84
1.410
100.29
0.460
104.61
1.460
100.07
0.510
104.38
1.510
99.85
0.560
104.14
1.560
99.63
0.610
103.91
1.610
99.41
0.660
103.68
1.660
99.19
0.710
103.45
1.710
98.97
0.760
103.22
1.760
98.75
0.810
102.99
1.810
98.54
0.860
102.76
1.860
98.32
0.910
102.54
1.910
98.10
0.960
102.31
1.960
97.89
1.010
102.08
2.010
97.67
1.060
101.85
2.060
97.46
1.110
101.63
2.110
97.25
1.160
101.40
2.160
97.03
1.210
101.18
2.210
96.82
1.260
100.96
2.260
96.61
1.310
100.73
2.310
96.40
1.360
100.51
2.360
96.19
1.410
100.29
2.410
95.98
* 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
27 June 2014