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 15-year Government Bonds (Bonds) through the re-opening of existing 15-year Government Bond issue 15GB3007 under the Institutional Bond Issuance Programme will be held on Wednesday, 2 March 2016, for settlement on Thursday, 3 March 2016.
An additional amount of HK$0.6 billion of the outstanding 15-year Bonds (issue no. 15GB3007) will be on offer. The Bonds will mature on 16 July 2030 and will carry interest at the rate of 2.13% per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on 22 February 2016 is 104.49 with an annualised yield of 1.784%.
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, the 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
22 February 2016
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
_________________________________________________________________
Tender information of re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme:-
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Issue Number
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:
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15GB3007 (Re-open)
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Stock code
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:
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4227 (HKGB 2.13 3007)
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Tender Date and Time
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:
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Wednesday, 2 March 2016
9:30 am to 10:30 am
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Issue and Settlement Date for tender amount
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:
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Thursday, 3 March 2016
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Amount on Offer
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:
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HK$0.6 billion
|
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Maturity
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:
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15 years
|
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Remaining Maturity
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:
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Approximately 14.38 years
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Maturity Date
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:
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16 July 2030
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Interest Rate
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:
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2.13% p.a. payable semi-annually in arrears
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Interest Payment Dates
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:
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18 July 2016
16 January 2017
17 July 2017
16 January 2018
16 July 2018
16 January 2019
16 July 2019
16 January 2020
16 July 2020
18 January 2021
16 July 2021
17 January 2022
18 July 2022
16 January 2023
17 July 2023
16 January 2024
16 July 2024
16 January 2025
16 July 2025
16 January 2026
16 July 2026
18 January 2027
16 July 2027
17 January 2028
17 July 2028
16 January 2029
16 July 2029
16 January 2030
16 July 2030
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Method of Tender
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:
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Competitive tender
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Tender Amount
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:
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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.
The accrued interest to be paid by successful bidders on the issue date (3 March 2016) for the tender amount is HK$131.30 per minimum denomination of HK$50,000.
(The accrued interest to be paid for tender amount exceeding HK$50,000 may not be exactly equal to the figures calculated from the accrued interest per minimum denomination of HK$50,000 due to rounding).
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Other details
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:
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Please see Information Memorandum available on the Government Bond Programme’s website at http://www.hkgb.gov.hk or approach Primary Dealers.
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|
Expected commencement date of dealing on
the Stock Exchange
of Hong Kong Limited
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:
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The tender amount is fully fungible with the existing 15GB3007 (Stock code: 4227) listed on the Stock Exchange of Hong Kong.
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Price/Yield Table of the re-opening Government Bonds at tender for reference* only:-
|
Yield-to-Maturity
|
Price
|
Yield-to-Maturity
|
Price
|
|
0.784
|
118.29
|
1.784
|
104.47
|
|
0.834
|
117.55
|
1.834
|
103.83
|
|
0.884
|
116.82
|
1.884
|
103.20
|
|
0.934
|
116.09
|
1.934
|
102.57
|
|
0.984
|
115.36
|
1.984
|
101.94
|
|
1.034
|
114.64
|
2.034
|
101.32
|
|
1.084
|
113.93
|
2.084
|
100.70
|
|
1.134
|
113.22
|
2.134
|
100.09
|
|
1.184
|
112.52
|
2.184
|
99.48
|
|
1.234
|
111.82
|
2.234
|
98.88
|
|
1.284
|
111.13
|
2.284
|
98.28
|
|
1.334
|
110.44
|
2.334
|
97.68
|
|
1.384
|
109.76
|
2.384
|
97.09
|
|
1.434
|
109.08
|
2.434
|
96.50
|
|
1.484
|
108.41
|
2.484
|
95.92
|
|
1.534
|
107.74
|
2.534
|
95.34
|
|
1.584
|
107.08
|
2.584
|
94.77
|
|
1.634
|
106.42
|
2.634
|
94.20
|
|
1.684
|
105.77
|
2.684
|
93.63
|
|
1.734
|
105.12
|
2.734
|
93.07
|
|
1.784
|
104.47
|
2.784
|
92.51
|
* 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
22 February 2016
