Tender for the re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 15 April 2015
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 (Wednesday) that a tender of 5-year Government Bonds (Bonds) through the re-opening of existing 5-year Government Bond issue 05GB2002 under the Institutional Bond Issuance Programme will be held on Wednesday, 15 April 2015, for settlement on Thursday, 16 April 2015.
An additional amount of HK$3.2 billion of the outstanding 5-year Bonds (issue no. 05GB2002) will be on offer. The Bonds will mature on 5 February 2020 and will carry interest at the rate of 1.06% per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on 1 April 2015 is 99.82 with an annualised yield of 1.103%.
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 <GO>) not later than 3:00 pm on the tender day.
Hong Kong Monetary Authority
1 April 2015
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 |
: |
05GB2002 (Re-open) |
Stock code |
: |
4225 (HKGB 1.06 2002) |
Tender Date and Time |
: |
Wednesday, 15 April 2015 |
Issue and Settlement Date for tender amount |
: |
Thursday, 16 April 2015 |
Amount on Offer |
: |
HK$3.2 billion |
Maturity |
: |
5 years |
Remaining Maturity |
: |
Approximately 4.81 years |
Maturity Date |
: |
5 February 2020 |
Interest Rate |
: |
1.06% p.a. payable semi-annually in arrears |
Interest Payment Dates |
: |
5 August 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. The accrued interest to be paid by successful bidders on the issue date (16 April 2015) for the tender amount is HK$101.64 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 05GB2002 (Stock code: 4225) 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
0.103
104.59
1.103
99.81
0.153
104.34
1.153
99.58
0.203
104.10
1.203
99.35
0.253
103.86
1.253
99.12
0.303
103.61
1.303
98.89
0.353
103.37
1.353
98.66
0.403
103.13
1.403
98.43
0.453
102.89
1.453
98.20
0.503
102.65
1.503
97.98
0.553
102.41
1.553
97.75
0.603
102.17
1.603
97.53
0.653
101.93
1.653
97.30
0.703
101.69
1.703
97.08
0.753
101.45
1.753
96.85
0.803
101.22
1.803
96.63
0.853
100.98
1.853
96.41
0.903
100.75
1.903
96.18
0.953
100.51
1.953
95.96
1.003
100.28
2.003
95.74
1.053
100.05
2.053
95.52
1.103
99.81
2.103
95.30
* 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
1 April 2015