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Press Releases

Tender of 3-year Government Bonds
under the Institutional Bond Issuance Programme
to be held on Wednesday, 9 April 2014

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 3-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 9 April 2014, for settlement on Thursday, 10 April 2014.

A total of HK$3 billion 3-year Bonds will be tendered.  The Bonds will mature on 10 April 2017 and will carry interest at the rate of 1.02% 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
31 March 2014

 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION

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

Issue Number

:

03GB1704

Stock code

:

4220 (HKGB 1.02 1704)

Tender Date and Time

:

Wednesday, 9 April 2014
9:30 am to 10:30 am

Issue and Settlement Date

:

Thursday, 10 April 2014

Amount on Offer

:

HK$3 billion

Maturity

:

Three years

Maturity Date

:

10 April 2017

Interest Rate    

:

1.02% p.a., payable semi-annually in arrears

Interest Payment Dates 

:

10 October 2014
10 April 2015
12 October 2015
11 April 2016
10 October 2016
10 April 2017

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

:

11 April 2014

 

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

Yield-to-Maturity

Price

Yield-to-Maturity

Price

0.020

103.00

1.020

100.01

0.070

102.85

1.070

99.86

0.120

102.69

1.120

99.71

0.170

102.54

1.170

99.57

0.220

102.39

1.220

99.42

0.270

102.24

1.270

99.28

0.320

102.09

1.320

99.13

0.370

101.94

1.370

98.99

0.420

101.79

1.420

98.84

0.470

101.64

1.470

98.70

0.520

101.49

1.520

98.56

0.570

101.34

1.570

98.41

0.620

101.19

1.620

98.27

0.670

101.04

1.670

98.13

0.720

100.89

1.720

97.98

0.770

100.74

1.770

97.84

0.820

100.60

1.820

97.70

0.870

100.45

1.870

97.56

0.920

100.30

1.920

97.41

0.970

100.15

1.970

97.27

1.020

100.01

2.020

97.13

 

* 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
31 March 2014

Last revision date: 31 March 2014
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