Press release

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 ) not later than 3:00 pm on the tender day.

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
9:30 am to 10:30 am

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
7 August 2015
11 February 2016
8 August 2016
7 February 2017
7 August 2017
7 February 2018
7 August 2018
8 February 2019
7 August 2019
7 February 2020
7 August 2020
8 February 2021
9 August 2021
7 February 2022
8 August 2022
7 February 2023
7 August 2023
7 February 2024
7 August 2024

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

:

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