Tender of 10-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 6 August 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 10-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 6 August 2014, for settlement on Thursday, 7 August 2014.
A total of HK$1 billion 10-year Bonds will be tendered. The Bonds will mature on 7 August 2024 and will carry interest at the rate of 2.22% 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
Hong Kong Monetary Authority
28 July 2014
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME TENDER INFORMATION
Tender information of 10-year Government Bonds under the Institutional Bond Issuance Programme:-
Issue Number |
: |
10GB2408 |
Stock code |
: |
4221 (HKGB 2.22 2408) |
Tender Date and Time |
: |
Wednesday, 6 August 2014 |
Issue and Settlement Date |
: |
Thursday, 7 August 2014 |
Amount on Offer |
: |
HK$1 billion |
Maturity |
: |
Ten years |
Maturity Date |
: |
7 August 2024 |
Interest Rate |
: |
2.22% p.a., payable semi-annually in arrears |
Interest Payment Dates |
: |
9 February 2015 |
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 |
: |
8 August 2014 |
Price/Yield Table of the new Government Bonds at tender for reference* only :-
Yield-to-Maturity Price Yield-to-Maturity Price 1.220 109.42 2.220 100.11 1.270 108.93 2.270 99.67 1.320 108.45 2.320 99.23 1.370 107.96 2.370 98.79 1.420 107.48 2.420 98.36 1.470 107.00 2.470 97.93 1.520 106.53 2.520 97.50 1.570 106.05 2.570 97.07 1.620 105.58 2.620 96.65 1.670 105.11 2.670 96.22 1.720 104.64 2.720 95.80 1.770 104.18 2.770 95.38 1.820 103.72 2.820 94.97 1.870 103.26 2.870 94.55 1.920 102.80 2.920 94.14 1.970 102.35 2.970 93.73 2.020 101.89 3.020 93.32 2.070 101.44 3.070 92.92 2.120 101.00 3.120 92.52 2.170 100.55 3.170 92.11 2.220 100.11 3.220 91.71* 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
28 July 2014