Hong Kong Monetary Authority - Tender of 5-year Government Bonds under the Institutional Bond Issuance Programme to be held on Monday, 4 February 2013

Press Releases

25 Jan 2013

Tender of 5-year Government Bonds under the Institutional Bond Issuance Programme to be held on Monday, 4 February 2013

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 5-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Monday, 4 February 2013, for settlement on Tuesday, 5 February 2013.

A total of HK$2 billion 5-year Bonds will be tendered. The Bonds will mature on 5 February 2018 and will carry interest at the rate of 0.61% 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
25 January 2013

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
_________________________________________________________________

Tender information of 5-year Government Bonds under the Institutional Bond Issuance Programme:-

Issue Number	:	05GB1802
Stock code	:	4216 (HKGB 0.61 1802)
Tender Date and Time	:	Monday, 4 February 2013 9:30 am to 10:30 am
Issue and Settlement Date	:	Tuesday, 5 February 2013
Amount on Offer	:	HK$2 billion
Maturity	:	Five years
Maturity Date	:	5 February 2018
Interest Rate	:	0.61% p.a., payable semi-annually in arrears
Interest Payment Dates	:	5 August 2013 5 February 2014 5 August 2014 5 February 2015 5 August 2015 5 February 2016 5 August 2016 6 February 2017 7 August 2017 5 February 2018
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	:	6 February 2013

Price/Yield Table of the new Government Bonds at tender for reference* only :-

Yield-to-Maturity	Price	Yield-to-Maturity	Price
-0.39	105.06	0.61	100.00
-0.34	104.80	0.66	99.76
-0.29	104.54	0.71	99.52
-0.24	104.28	0.76	99.27
-0.19	104.02	0.81	99.03
-0.14	103.76	0.86	98.79
-0.09	103.51	0.91	98.55
-0.04	103.25	0.96	98.31
0.01	103.00	1.01	98.07
0.06	102.75	1.06	97.83
0.11	102.49	1.11	97.59
0.16	102.24	1.16	97.35
0.21	101.99	1.21	97.11
0.26	101.74	1.26	96.88
0.31	101.49	1.31	96.64
0.36	101.24	1.36	96.41
0.41	100.99	1.41	96.17
0.46	100.74	1.46	95.94
0.51	100.50	1.51	95.71
0.56	100.25	1.56	95.48
0.61	100.00	1.61	95.24

* 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
25 January 2013

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