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
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 |
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 |
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 |
: |
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