Hong Kong Monetary Authority - Tender of 5-Year Government Bonds under the Institutional Bond Issuance Programme to be held on Monday, 2 November 2009

Press Releases

21 Oct 2009

Tender of 5-Year Government Bonds under the Institutional Bond Issuance Programme to be held on Monday, 2 November 2009

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Wednesday) that a tender of 5-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Monday, 2 November 2009, for settlement on Tuesday, 3 November 2009.

A total of HK$2,000 million 5-year Bonds will be tendered. The Bonds will mature on 3 November 2014 and will carry interest at the rate of 2.07% 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. Any tender applications for the Bonds must be submitted through a Primary Dealer 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 not later than 3:00 p.m. on the tender day.

Hong Kong Monetary Authority
21 October 2009

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION

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

Issue Number	:	05GB1411
Stock code	:	4202 (HKGB 2.07 1411)
Tender Date and Time	:	Monday, 2 November 2009 9:30 a.m. to 10:30 a.m.
Issue and Settlement Date	:	Tuesday, 3 November 2009
Amount on Offer	:	HK$2,000 million
Maturity	:	Five years
Maturity Date	:	3 November 2014
Interest Rate	:	2.07% p.a.
Interest Payment Dates	:	3 May 2010 3 Nov 2010 3 May 2011 3 Nov 2011 3 May 2012 5 Nov 2012 3 May 2013 4 Nov 2013 5 May 2014 3 Nov 2014
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	:	4 November 2009

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

Yield-to-Maturity	Price	Yield-to-Maturity	Price
1.07	104.87	2.07	100.05
1.12	104.62	2.12	99.82
1.17	104.38	2.17	99.58
1.22	104.13	2.22	99.35
1.27	103.88	2.27	99.12
1.32	103.64	2.32	98.89
1.37	103.39	2.37	98.66
1.42	103.15	2.42	98.43
1.47	102.91	2.47	98.20
1.52	102.67	2.52	97.97
1.57	102.43	2.57	97.74
1.62	102.18	2.62	97.52
1.67	101.94	2.67	97.29
1.72	101.71	2.72	97.06
1.77	101.47	2.77	96.84
1.82	101.23	2.82	96.61
1.87	100.99	2.87	96.39
1.92	100.76	2.92	96.17
1.97	100.52	2.97	95.94
2.02	100.28	3.02	95.72
2.07	100.05	3.07	95.50

* 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 October 2009

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