Tender for the re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 3 September 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 2-year Government Bonds (Bonds) through the re-opening of existing 5-year Government Bond issue 05GB1612 under the Institutional Bond Issuance Programme will be held on Wednesday, 3 September 2014, for settlement on Thursday, 4 September 2014.
An additional amount of HK$3.5 billion of the outstanding 5-year Bonds (issue no. 05GB1612) will be on offer. The Bonds will mature on 8 December 2016 and will carry interest at the rate of 0.97% per annum payable semi-annually in arrears. The Bonds Fixings on 25 August 2014 is 100.91 with an annualised yield of 0.571%.
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
25 August 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 |
: |
05GB1612 (Re-open) |
Stock code |
: |
4211 (HKGB 0.97 1612) |
Tender Date and Time |
: |
Wednesday, 3 September 2014 |
Issue and Settlement Date |
: |
Thursday, 4 September 2014 |
Amount on Offer |
: |
HK$3.5 billion |
Maturity |
: |
2 years |
Remaining Maturity |
: |
Approximately 2.26 years |
Maturity Date |
: |
8 December 2016 |
Interest Rate |
: |
0.97% p.a. payable semi-annually in arrears |
Interest Payment Dates |
: |
8 December 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 (4 September 2014) for the tender amount is HK$115.60 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 05GB1612 (Stock code: 4211) 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
-0.429
103.18
0.571
100.90
-0.379
103.07
0.621
100.78
-0.329
102.95
0.671
100.67
-0.279
102.84
0.721
100.56
-0.229
102.72
0.771
100.45
-0.179
102.61
0.821
100.34
-0.129
102.49
0.871
100.23
-0.079
102.38
0.921
100.11
-0.029
102.26
0.971
100.00
0.021
102.15
1.021
99.89
0.071
102.03
1.071
99.78
0.121
101.92
1.121
99.67
0.171
101.80
1.171
99.56
0.221
101.69
1.221
99.45
0.271
101.58
1.271
99.34
0.321
101.46
1.321
99.23
0.371
101.35
1.371
99.12
0.421
101.24
1.421
99.01
0.471
101.12
1.471
98.90
0.521
101.01
1.521
98.79
0.571
100.90
1.571
98.68
* 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
25 August 2014