Tender of 15-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 15 July 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 (Monday) that a tender of 15-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 15 July 2015, for settlement on Thursday, 16 July 2015.
A total of HK$0.6 billion 15-year Bonds will be tendered. The Bonds will mature on 16 July 2030 and will carry interest at the rate of 2.13% 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
6 July 2015
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME TENDER INFORMATION
Tender information of 15-year Government Bonds under the Institutional Bond Issuance Programme:-
Issue Number |
: |
15GB3007 |
Stock code |
: |
4227 (HKGB 2.13 3007) |
Tender Date and Time |
: |
Wednesday, 15 July 2015 |
Issue and Settlement Date |
: |
Thursday, 16 July 2015 |
Amount on Offer |
: |
HK$0.6 billion |
Maturity |
: |
Fifteen years |
Maturity Date |
: |
16 July 2030 |
Interest Rate |
: |
2.13% p.a., payable semi-annually in arrears |
Interest Payment Dates |
: |
18 January 2016 |
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 |
: |
17 July 2015 |
Price/Yield Table of the new Government Bonds at tender for reference* only :-
Yield-to-Maturity
Price
Yield-to-Maturity
Price
1.130
113.81
2.130
100.14
1.180
113.08
2.180
99.51
1.230
112.35
2.230
98.89
1.280
111.63
2.280
98.26
1.330
110.91
2.330
97.65
1.380
110.20
2.380
97.03
1.430
109.49
2.430
96.43
1.480
108.79
2.480
95.82
1.530
108.10
2.530
95.22
1.580
107.41
2.580
94.63
1.630
106.72
2.630
94.04
1.680
106.04
2.680
93.45
1.730
105.37
2.730
92.87
1.780
104.70
2.780
92.29
1.830
104.03
2.830
91.72
1.880
103.37
2.880
91.15
1.930
102.72
2.930
90.59
1.980
102.07
2.980
90.03
2.030
101.42
3.030
89.47
2.080
100.78
3.080
88.92
2.130
100.14
3.130
88.37
* 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
6 July 2015