Tender of 15-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 11 January 2023
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), announced today (30 December) that a tender of 15-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 11 January 2023, for settlement on Thursday, 12 January 2023.
A total of HK$1.0 billion 15-year Bonds will be tendered. The Bonds will mature on 12 January 2038 and will carry interest at the rate of 3.74% 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 Hong Kong Government Bonds website at https://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 Hong Kong Government Bonds website, the Refinitiv screen (HKGBINDEX), and Bloomberg (GBHK <GO>) not later than 3:00 pm on the tender day.
Hong Kong Monetary Authority
30 December 2022
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME TENDER INFORMATION
Tender information of 15-year Government Bonds under the Institutional Bond Issuance Programme:-
Issue Number |
: |
15GB3801 |
Stock code |
: |
4258 (HKGB 3.74 3801) |
Tender Date and Time |
: |
Wednesday, 11 January 2023 |
Issue and Settlement Date for tender amount |
: |
Thursday, 12 January 2023 |
Amount on Offer |
: |
HK$1.0 billion |
Maturity |
: |
15 year |
Maturity Date |
: |
12 January 2038 |
Interest Rate |
: |
3.74% p.a. payable semi-annually in arrears |
Interest Payment Dates |
: |
12 July 2023 |
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 Hong Kong Government Bonds website at https://www.hkgb.gov.hk or approach Primary Dealers. |
Expected commencement date of dealing on |
: |
13 January 2023 |
Price/Yield Table of the Government Bonds at tender for reference* only :
|
Yield-to-Maturity |
Price |
Yield-to-Maturity |
Price |
|
2.740 |
112.48 |
3.740 |
100.39 |
|
2.790 |
111.83 |
3.790 |
99.83 |
|
2.840 |
111.19 |
3.840 |
99.28 |
|
2.890 |
110.55 |
3.890 |
98.72 |
|
2.940 |
109.92 |
3.940 |
98.17 |
|
2.990 |
109.29 |
3.990 |
97.63 |
|
3.040 |
108.67 |
4.040 |
97.09 |
|
3.090 |
108.05 |
4.090 |
96.55 |
|
3.140 |
107.44 |
4.140 |
96.02 |
|
3.190 |
106.82 |
4.190 |
95.49 |
|
3.240 |
106.22 |
4.240 |
94.96 |
|
3.290 |
105.62 |
4.290 |
94.44 |
|
3.340 |
105.02 |
4.340 |
93.92 |
|
3.390 |
104.43 |
4.390 |
93.41 |
|
3.440 |
103.84 |
4.440 |
92.89 |
|
3.490 |
103.25 |
4.490 |
92.39 |
|
3.540 |
102.67 |
4.540 |
91.88 |
|
3.590 |
102.10 |
4.590 |
91.38 |
|
3.640 |
101.52 |
4.640 |
90.88 |
|
3.690 |
100.96 |
4.690 |
90.39 |
|
3.740 |
100.39 |
4.740 |
89.90 |
* 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
30 December 2022