Press release

Tender of 3-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 5 November 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 3-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 5 November 2014, for settlement on Thursday, 6 November 2014.

A total of HK$3 billion 3-year Bonds will be tendered. The Bonds will mature on 6 November 2017 and will carry interest at the rate of 0.83% 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
24 October 2014

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

Issue Number

:

03GB1711

Stock code

:

4224 (HKGB 0.83 1711)

Tender Date and Time

:

Wednesday, 5 November 2014
9:30 am to 10:30 am

Issue and Settlement Date

:

Thursday, 6 November 2014

Amount on Offer

:

HK$3 billion

Maturity

:

Three years

Maturity Date

:

6 November 2017

Interest Rate

:

0.83% p.a., payable semi-annually in arrears

Interest Payment Dates

:

6 May 2015
6 November 2015
6 May 2016
7 November 2016
8 May 2017
6 November 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

:

7 November 2014

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

Yield-to-Maturity
Price
Yield-to-Maturity
Price

-0.170

103.01

0.830

100.01

-0.120

102.86

0.880

99.86

-0.070

102.70

0.930

99.71

-0.020

102.55

0.980

99.56

0.030

102.40

1.030

99.42

0.080

102.25

1.080

99.27

0.130

102.10

1.130

99.13

0.180

101.94

1.180

98.98

0.230

101.79

1.230

98.84

0.280

101.64

1.280

98.69

0.330

101.49

1.330

98.55

0.380

101.34

1.380

98.40

0.430

101.19

1.430

98.26

0.480

101.04

1.480

98.12

0.530

100.89

1.530

97.97

0.580

100.74

1.580

97.83

0.630

100.60

1.630

97.69

0.680

100.45

1.680

97.54

0.730

100.30

1.730

97.40

0.780

100.15

1.780

97.26

0.830

100.01

1.830

97.12

* 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
24 October 2014