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375.0271

Press Releases

Tender of 10-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 
28 June 2017

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, 28 June 2017, for settlement on Thursday, 29 June 2017.

A total of HK$1.2 billion 10-year Bonds will be tendered. The Bonds will mature on 29 June 2027 and will carry interest at the rate of 1.25% 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 ) not later than 3:00 pm on the tender day. 

 
Hong Kong Monetary Authority
19 June 2017


 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
                                                                                                            

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

Issue Number

:

10GB2706

Stock code

:

4235 (HKGB 1.25 2706)

Tender Date and Time

:

Wednesday, 28 June 2017

9:30 am to 10:30 am

Issue and Settlement Date

:

Thursday, 29 June 2017

Amount on Offer

:

HK$1.2 billion

Maturity              

:

Ten years

Maturity Date

:

29 June 2027

Interest Rate    

:

1.25% p.a., payable semi-annually in arrears

Interest Payment Dates 

:

29 December 2017

29 June 2018

31 December 2018

28 June 2019

30 December 2019

29 June 2020

29 December 2020

29 June 2021

29 December 2021

29 June 2022

29 December 2022

29 June 2023

29 December 2023

28 June 2024

30 December 2024

30 June 2025

29 December 2025

29 June 2026

29 December 2026

29 June 2027

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

:

30 June 2017


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

Yield-to-Maturity

Price

Yield-to-Maturity

Price

0.250

109.87

1.250

100.04

0.300

109.35

1.300

99.57

0.350

108.84

1.350

99.11

0.400

108.33

1.400

98.65

0.450

107.82

1.450

98.19

0.500

107.31

1.500

97.74

0.550

106.81

1.550

97.29

0.600

106.31

1.600

96.83

0.650

105.81

1.650

96.39

0.700

105.32

1.700

95.94

0.750

104.82

1.750

95.50

0.800

104.33

1.800

95.06

0.850

103.84

1.850

94.62

0.900

103.36

1.900

94.18

0.950

102.88

1.950

93.75

1.000

102.40

2.000

93.32

1.050

101.92

2.050

92.89

1.100

101.45

2.100

92.46

1.150

100.97

2.150

92.04

1.200

100.50

2.200

91.62

1.250

100.04

2.250

91.20


* 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
19 June 2017

Last revision date: 19 June 2017
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