Tender of 5-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 4 February 2015

Press Releases

26 Jan 2015

Tender of 5-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 4 February 2015

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 5-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 4 February 2015, for settlement on Thursday, 5 February 2015. 

A total of HK$1.5 billion 5-year Bonds will be tendered.  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. 

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
26 January 2015

 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
 _________________________________________________________________

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

Issue Number

:

05GB2002 

Stock code

:

4225 (HKGB 1.06 2002) 

Tender Date and Time

:

Wednesday, 4 February 2015
9:30 am to 10:30 am 

Issue and Settlement Date 

:

Thursday, 5 February 2015

Amount on Offer 

:

HK$1.5 billion

Maturity      

:

Five years

Maturity Date

:

5 February 2020

Interest Rate    

:

1.06% p.a., payable semi-annually in arrears 

Interest Payment Dates 

:

5 August 2015
5 February 2016
5 August 2016
6 February 2017
7 August 2017
5 February 2018
6 August 2018
8 February 2019
5 August 2019
5 February 2020 

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 2015

 

 

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

Yield-to-Maturity

Price

Yield-to-Maturity

Price

0.060

104.99

1.060

100.01

0.110

104.74

1.110

99.77

0.160

104.48

1.160

99.53

0.210

104.23

1.210

99.29

0.260

103.97

1.260

99.05

0.310

103.72

1.310

98.81

0.360

103.47

1.360

98.58

0.410

103.22

1.410

98.34

0.460

102.97

1.460

98.10

0.510

102.72

1.510

97.87

0.560

102.47

1.560

97.63

0.610

102.22

1.610

97.40

0.660

101.97

1.660

97.16

0.710

101.72

1.710

96.93

0.760

101.48

1.760

96.70

0.810

101.23

1.810

96.47

0.860

100.99

1.860

96.24

0.910

100.74

1.910

96.01

0.960

100.50

1.960

95.78

1.010

100.26

2.010

95.55

1.060

100.01

2.060

95.32

 

* 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
26 January 2015

Latest Press Releases
Last revision date : 26 January 2015