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) through the re-opening of existing Government Bond issue 10GB2001 under the Institutional Bond Issuance Programme will be held on Wednesday, 5 May 2010, for settlement on Thursday, 6 May 2010.
An additional amount of HK$3,000 million of the outstanding 10-year Bonds (issue no. 10GB2001) will be on offer. The Bonds will mature on 13 January 2020 and will carry interest at the rate of 2.93% per annum payable semi-annually in arrears. The Bonds Fixings on 26 April 2010 is 99.96 with an annualised yield of 2.958%.
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
26 April 2010
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
Tender information of re-opening of 10-Year Government Bonds under the Institutional Bond Issuance Programme:-
Issue Number | : | 10GB2001 |
Stock code | : | 4203 (HKGB 2.93 2001) |
Tender Date and Time | : | Wednesday, 5 May 2010 9:30 a.m. to 10:30 a.m. |
Issue and Settlement Date for tender amount | : | Thursday, 6 May 2010 |
Amount on Offer | : | HK$3,000 million |
Maturity | : | 10 years |
Maturity Date | : | 13 January 2020 |
Interest Rate | : | 2.93% p.a. payable semi-annually in arrears |
Interest Payment Dates | : | 12 July 2010 12 January 2011 12 July 2011 12 January 2012 12 July 2012 14 January 2013 12 July 2013 13 January 2014 14 July 2014 12 January 2015 13 July 2015 12 January 2016 12 July 2016 12 January 2017 12 July 2017 12 January 2018 12 July 2018 14 January 2019 12 July 2019 13 January 2020 |
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. The accrued interest to be paid by successful bidders on the issue date (6 May 2010) for the tender amount is HK$457.56 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). |
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 |
: | The tender amount is fully fungible with the existing 10GB2001
(Stock code: 4203) listed on the Stock Exchange of Hong Kong. |
Price/Yield Table of the re-opening Government Bonds at tender for reference* only:-
Yield-to-Maturity | Price | Yield-to-Maturity | Price |
1.96 | 108.63 | 2.96 | 99.94 |
2.01 | 108.17 | 3.01 | 99.53 |
2.06 | 107.72 | 3.06 | 99.12 |
2.11 | 107.27 | 3.11 | 98.71 |
2.16 | 106.82 | 3.16 | 98.31 |
2.21 | 106.37 | 3.21 | 97.90 |
2.26 | 105.93 | 3.26 | 97.50 |
2.31 | 105.49 | 3.31 | 97.10 |
2.36 | 105.05 | 3.36 | 96.71 |
2.41 | 104.61 | 3.41 | 96.31 |
2.46 | 104.18 | 3.46 | 95.92 |
2.51 | 103.74 | 3.51 | 95.52 |
2.56 | 103.31 | 3.56 | 95.13 |
2.61 | 102.88 | 3.61 | 94.75 |
2.66 | 102.46 | 3.66 | 94.36 |
2.71 | 102.03 | 3.71 | 93.97 |
2.76 | 101.61 | 3.76 | 93.59 |
2.81 | 101.19 | 3.81 | 93.21 |
2.86 | 100.77 | 3.86 | 92.83 |
2.91 | 100.36 | 3.91 | 92.46 |
2.96 | 99.94 | 3.96 | 92.08 |
* 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
26 April 2010