The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Tuesday) that a tender of 15-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 1 March 2017, for settlement on Thursday, 2 March 2017.
A total of HK$0.6 billion 15-year Bonds will be tendered. The Bonds will mature on 2 March 2032 and will carry interest at the rate of 1.89% 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
21 February 2017
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
Tender information of 15-year Government Bonds under the Institutional Bond Issuance Programme:-
Issue Number |
: |
15GB3203 |
Stock code |
: |
4232 (HKGB 1.89 3203) |
Tender Date and Time |
: |
Wednesday, 1 March 2017 9:30 am to 10:30 am |
Issue and Settlement Date |
: |
Thursday, 2 March 2017 |
Amount on Offer |
: |
HK$0.6 billion |
Maturity |
: |
Fifteen years |
Maturity Date |
: |
2 March 2032 |
Interest Rate |
: |
1.89% p.a., payable semi-annually in arrears |
Interest Payment Dates |
: |
4 September 2017 2 March 2018 3 September 2018 4 March 2019 2 September 2019 2 March 2020 2 September 2020 2 March 2021 2 September 2021 2 March 2022 2 September 2022 2 March 2023 4 September 2023 4 March 2024 2 September 2024 3 March 2025 2 September 2025 2 March 2026 2 September 2026 2 March 2027 2 September 2027 2 March 2028 4 September 2028 2 March 2029 3 September 2029 4 March 2030 2 September 2030 3 March 2031 2 September 2031 2 March 2032 |
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 |
: |
3 March 2017 |
Price/Yield Table of the new Government Bonds at tender for reference* only :-
Yield-to-Maturity |
Price |
Yield-to-Maturity |
Price |
0.890 |
114.04 |
1.890 |
100.12 |
0.940 |
113.29 |
1.940 |
99.47 |
0.990 |
112.55 |
1.990 |
98.83 |
1.040 |
111.82 |
2.040 |
98.20 |
1.090 |
111.09 |
2.090 |
97.57 |
1.140 |
110.36 |
2.140 |
96.95 |
1.190 |
109.64 |
2.190 |
96.33 |
1.240 |
108.93 |
2.240 |
95.72 |
1.290 |
108.22 |
2.290 |
95.11 |
1.340 |
107.51 |
2.340 |
94.50 |
1.390 |
106.82 |
2.390 |
93.90 |
1.440 |
106.12 |
2.440 |
93.30 |
1.490 |
105.44 |
2.490 |
92.71 |
1.540 |
104.75 |
2.540 |
92.12 |
1.590 |
104.07 |
2.590 |
91.54 |
1.640 |
103.40 |
2.640 |
90.96 |
1.690 |
102.74 |
2.690 |
90.39 |
1.740 |
102.07 |
2.740 |
89.82 |
1.790 |
101.42 |
2.790 |
89.25 |
1.840 |
100.76 |
2.840 |
88.69 |
1.890 |
100.12 |
2.890 |
88.13 |
* 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
21 February 2017