Hong Kong Monetary Authority - Tender of 3-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 8 May 2013

Press Releases

26 Apr 2013

Tender of 3-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 8 May 2013

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Friday) that a tender of 3-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 8 May 2013, for settlement on Thursday, 9 May 2013.

A total of HK$3 billion 3-year Bonds will be tendered. The Bonds will mature on 9 May 2016 and will carry interest at the rate of 0.34% 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
26 April 2013

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION

Tender information of 3-year Government Bonds under the Institutional Bond Issuance Programme:-

Issue Number	:	03GB1605
Stock code	:	4217 (HKGB 0.34 1605)
Tender Date and Time	:	Wednesday, 8 May 2013 9:30 am to 10:30 am
Issue and Settlement Date	:	Thursday, 9 May 2013
Amount on Offer	:	HK$3 billion
Maturity	:	Three years
Maturity Date	:	9 May 2016
Interest Rate	:	0.34% p.a., payable semi-annually in arrears
Interest Payment Dates	:	11 November 2013 9 May 2014 10 November 2014 11 May 2015 9 November 2015 9 May 2016
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	:	10 May 2013

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

Yield-to-Maturity	Price	Yield-to-Maturity	Price
-0.66	103.04	0.34	100.00
-0.61	102.88	0.39	99.85
-0.56	102.73	0.44	99.70
-0.51	102.58	0.49	99.56
-0.46	102.42	0.54	99.41
-0.41	102.27	0.59	99.26
-0.36	102.12	0.64	99.11
-0.31	101.96	0.69	98.97
-0.26	101.81	0.74	98.82
-0.21	101.66	0.79	98.67
-0.16	101.50	0.84	98.53
-0.11	101.35	0.89	98.38
-0.06	101.20	0.94	98.24
-0.01	101.05	0.99	98.09
0.04	100.90	1.04	97.95
0.09	100.75	1.09	97.80
0.14	100.60	1.14	97.66
0.19	100.45	1.19	97.51
0.24	100.30	1.24	97.37
0.29	100.15	1.29	97.23
0.34	100.00	1.34	97.08

* 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 2013

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