Tender of 15-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 15 July 2015

Press Releases

06 Jul 2015

Tender of 15-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 15 July 2015

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 15-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 15 July 2015, for settlement on Thursday, 16 July 2015.

A total of HK$0.6 billion 15-year Bonds will be tendered.  The Bonds will mature on 16 July 2030 and will carry interest at the rate of 2.13% 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
6 July 2015

 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
 _________________________________________________________________

Tender information of 15-year Government Bonds under the Institutional Bond Issuance Programme:-

Issue Number

:

15GB3007 

Stock code

:

4227 (HKGB 2.13 3007)

Tender Date and Time

:

Wednesday, 15 July 2015
9:30 am to 10:30 am

Issue and Settlement Date 

:

Thursday, 16 July 2015 

Amount on Offer 

:

HK$0.6 billion

Maturity

:

Fifteen years

Maturity Date

:

16 July 2030 

Interest Rate    

:

2.13% p.a., payable semi-annually in arrears 

Interest Payment Dates 

:

18 January 2016
18 July 2016
16 January 2017
17 July 2017
16 January 2018
16 July 2018
16 January 2019
16 July 2019
16 January 2020
16 July 2020
18 January 2021
16 July 2021
17 January 2022
18 July 2022
16 January 2023
17 July 2023
16 January 2024
16 July 2024
16 January 2025
16 July 2025
16 January 2026
16 July 2026
18 January 2027
16 July 2027
17 January 2028
17 July 2028
16 January 2029
16 July 2029
16 January 2030
16 July 2030 

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

:

17 July 2015

 

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

Yield-to-Maturity

Price

Yield-to-Maturity

Price

1.130

113.81

2.130

100.14

1.180

113.08

2.180

99.51

1.230

112.35

2.230

98.89

1.280

111.63

2.280

98.26

1.330

110.91

2.330

97.65

1.380

110.20

2.380

97.03

1.430

109.49

2.430

96.43

1.480

108.79

2.480

95.82

1.530

108.10

2.530

95.22

1.580

107.41

2.580

94.63

1.630

106.72

2.630

94.04

1.680

106.04

2.680

93.45

1.730

105.37

2.730

92.87

1.780

104.70

2.780

92.29

1.830

104.03

2.830

91.72

1.880

103.37

2.880

91.15

1.930

102.72

2.930

90.59

1.980

102.07

2.980

90.03

2.030

101.42

3.030

89.47

2.080

100.78

3.080

88.92

2.130

100.14

3.130

88.37

 

* 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
6 July 2015

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Last revision date : 06 July 2015