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Press Releases

Tender of 10-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 20 January 2016

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, 20 January 2016, for settlement on Thursday, 21 January 2016.

A total of HK$1.8 billion 10-year Bonds will be tendered.  The Bonds will mature on 21 January 2026 and will carry interest at the rate of 1.68% 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
11 January 2016


 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
                                                                                                            

Tender information of 10-year Government Bonds under the Institutional Bond Issuance Programme:-

Issue Number

:

10GB2601 

Stock code

:

4230 (HKGB 1.68 2601) 

Tender Date and Time

:

Wednesday, 20 January 2016
9:30 am to 10:30 am 

Issue and Settlement Date 

:

Thursday, 21 January 2016

Amount on Offer 

:

HK$1.8 billion

Maturity               

:

Ten years

Maturity Date

:

21 January 2026 

Interest Rate    

:

1.68% p.a., payable semi-annually in arrears 

Interest Payment Dates 

:

21 July 2016
23 January 2017
21 July 2017
22 January 2018
23 July 2018
21 January 2019
22 July 2019
21 January 2020
21 July 2020
21 January 2021
21 July 2021
21 January 2022
21 July 2022
25 January 2023
21 July 2023
22 January 2024
22 July 2024
21 January 2025
21 July 2025
21 January 2026 

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

:

22 January 2016

 

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

Yield-to-Maturity

Price

Yield-to-Maturity

Price

0.680

109.66

1.680

100.06

0.730

109.16

1.730

99.61

0.780

108.66

1.780

99.16

0.830

108.16

1.830

98.71

0.880

107.66

1.880

98.26

0.930

107.17

1.930

97.82

0.980

106.68

1.980

97.38

1.030

106.19

2.030

96.94

1.080

105.70

2.080

96.50

1.130

105.22

2.130

96.06

1.180

104.74

2.180

95.63

1.230

104.26

2.230

95.20

1.280

103.78

2.280

94.77

1.330

103.31

2.330

94.35

1.380

102.84

2.380

93.92

1.430

102.37

2.430

93.50

1.480

101.90

2.480

93.08

1.530

101.44

2.530

92.66

1.580

100.98

2.580

92.25

1.630

100.52

2.630

91.84

1.680

100.06

2.680

91.43


* 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
11 January 2016

Last revision date: 11 January 2016
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