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 5-Year
Government Bonds (Bonds) through the re-opening of existing
Government Bond issue 05GB1411 under the Institutional Bond
Issuance Programme will be held on Wednesday, 2 June 2010, for
settlement on Thursday, 3 June 2010.
An additional amount of HK$1,500 million of the outstanding
5-Year Bonds (issue no. 05GB1411) will be on offer. 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. The Bonds Fixings
on 24 May 2010 is 102.26 with an annualised yield of 1.549%.
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
24 May 2010
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
Tender information of re-opening 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 |
: |
Wednesday, 2 June 2010
9:30 a.m. to 10:30 a.m.
|
Issue and Settlement Date for tender amount
|
: |
Thursday, 3 June 2010 |
Amount on Offer
|
: |
HK$1,500 million |
Maturity
|
: |
5 years |
| Maturity Date |
: |
3 November 2014
|
| Interest Rate |
: |
2.07% p.a. payable semi-annually in arrears
|
| Interest Payment Dates |
: |
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.
The accrued interest to be paid by successful bidders on the issue
date (3 June 2010) for the tender amount is HK$87.90 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 05GB1411
(Stock code: 4202) 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 |
| 0.549 |
106.63 |
1.549 |
102.24 |
| 0.599 |
106.40 |
1.599 |
102.03 |
| 0.649 |
106.18 |
1.649 |
101.81 |
| 0.699 |
105.96 |
1.699 |
101.60 |
| 0.749 |
105.73 |
1.749 |
101.39 |
| 0.799 |
105.51 |
1.799 |
101.18 |
| 0.849 |
105.29 |
1.849 |
100.97 |
| 0.899 |
105.07 |
1.899 |
100.76 |
| 0.949 |
104.85 |
1.949 |
100.55 |
| 0.999 |
104.63 |
1.999 |
100.34 |
| 1.049 |
104.41 |
2.049 |
100.13 |
| 1.099 |
104.19 |
2.099 |
99.92 |
| 1.149 |
103.97 |
2.149 |
99.72 |
| 1.199 |
103.75 |
2.199 |
99.51 |
| 1.249 |
103.53 |
2.249 |
99.30 |
| 1.299 |
103.32 |
2.299 |
99.10 |
| 1.349 |
103.10 |
2.349 |
98.89 |
| 1.399 |
102.88 |
2.399 |
98.69 |
| 1.449 |
102.67 |
2.449 |
98.48 |
| 1.499 |
102.45 |
2.499 |
98.28 |
| 1.549 |
102.24 |
2.549 |
98.08 |
* 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
24 May 2010
