Tender of 10-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 6 August 2014

Press Releases

28 Jul 2014

Tender of 10-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 6 August 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 10-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 6 August 2014, for settlement on Thursday, 7 August 2014.

A total of HK$1 billion 10-year Bonds will be tendered.  The Bonds will mature on 7 August 2024 and will carry interest at the rate of 2.22% 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
28 July 2014

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
_________________________________________________________________

Tender information of 10-year Government Bonds under the Institutional Bond Issuance Programme:-

Issue Number

:

10GB2408 

Stock code

:

4221 (HKGB 2.22 2408) 

Tender Date and Time

:

Wednesday, 6 August 2014
9:30 am to 10:30 am 

Issue and Settlement Date

:

Thursday, 7 August 2014 

Amount on Offer 

:

HK$1 billion

Maturity  

:

Ten years

Maturity Date

:

7 August 2024

Interest Rate    

:

2.22% p.a., payable semi-annually in arrears 

Interest Payment Dates 

:

9 February 2015
7 August 2015
11 February 2016
8 August 2016
7 February 2017
7 August 2017
7 February 2018
7 August 2018
8 February 2019
7 August 2019
7 February 2020
7 August 2020
8 February 2021
9 August 2021
7 February 2022
8 August 2022
7 February 2023
7 August 2023
7 February 2024
7 August 2024 

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

:

8 August 2014

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

Yield-to-Maturity

Price

Yield-to-Maturity

Price

1.220

109.42

2.220

100.11

1.270

108.93

2.270

99.67

1.320

108.45

2.320

99.23

1.370

107.96

2.370

98.79

1.420

107.48

2.420

98.36

1.470

107.00

2.470

97.93

1.520

106.53

2.520

97.50

1.570

106.05

2.570

97.07

1.620

105.58

2.620

96.65

1.670

105.11

2.670

96.22

1.720

104.64

2.720

95.80

1.770

104.18

2.770

95.38

1.820

103.72

2.820

94.97

1.870

103.26

2.870

94.55

1.920

102.80

2.920

94.14

1.970

102.35

2.970

93.73

2.020

101.89

3.020

93.32

2.070

101.44

3.070

92.92

2.120

101.00

3.120

92.52

2.170

100.55

3.170

92.11

2.220

100.11

3.220

91.71

* 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
28 July 2014

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Last revision date : 28 July 2014