Tender of 10-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 28 June 2017
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 10-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 28 June 2017, for settlement on Thursday, 29 June 2017.
A total of HK$1.2 billion 10-year Bonds will be tendered. The Bonds will mature on 29 June 2027 and will carry interest at the rate of 1.25% 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 <GO>) not later than 3:00 pm on the tender day.
Hong Kong Monetary Authority
19 June 2017
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME TENDER INFORMATION
Tender information of 10-year Government Bonds under the Institutional Bond Issuance Programme:-
Issue Number |
: |
10GB2706 |
Stock code |
: |
4235 (HKGB 1.25 2706) |
Tender Date and Time |
: |
Wednesday, 28 June 2017 |
Issue and Settlement Date |
: |
Thursday, 29 June 2017 |
Amount on Offer |
: |
HK$1.2 billion |
Maturity |
: |
Ten years |
Maturity Date |
: |
29 June 2027 |
Interest Rate |
: |
1.25% p.a., payable semi-annually in arrears |
Interest Payment Dates |
: |
29 December 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 |
: |
30 June 2017 |
Price/Yield Table of the new Government Bonds at tender for reference* only :-
Yield-to-Maturity |
Price |
Yield-to-Maturity |
Price |
0.250 |
109.87 |
1.250 |
100.04 |
0.300 |
109.35 |
1.300 |
99.57 |
0.350 |
108.84 |
1.350 |
99.11 |
0.400 |
108.33 |
1.400 |
98.65 |
0.450 |
107.82 |
1.450 |
98.19 |
0.500 |
107.31 |
1.500 |
97.74 |
0.550 |
106.81 |
1.550 |
97.29 |
0.600 |
106.31 |
1.600 |
96.83 |
0.650 |
105.81 |
1.650 |
96.39 |
0.700 |
105.32 |
1.700 |
95.94 |
0.750 |
104.82 |
1.750 |
95.50 |
0.800 |
104.33 |
1.800 |
95.06 |
0.850 |
103.84 |
1.850 |
94.62 |
0.900 |
103.36 |
1.900 |
94.18 |
0.950 |
102.88 |
1.950 |
93.75 |
1.000 |
102.40 |
2.000 |
93.32 |
1.050 |
101.92 |
2.050 |
92.89 |
1.100 |
101.45 |
2.100 |
92.46 |
1.150 |
100.97 |
2.150 |
92.04 |
1.200 |
100.50 |
2.200 |
91.62 |
1.250 |
100.04 |
2.250 |
91.20 |
* 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
19 June 2017