Tender of 5-year Government Bond under the Institutional Bond Issuance Programme to be held on Wednesday, 4 November 2015

Press Releases

26 Oct 2015

Tender of 5-year Government Bond under the Institutional Bond Issuance Programme to be held on Wednesday, 4 November 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 5-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 4 November 2015, for settlement on Thursday, 5 November 2015.

A total of HK$3.0 billion 5-year Bonds will be tendered.  The Bonds will mature on 5 November 2020 and will carry interest at the rate of 0.91% 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 October 2015

 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
_________________________________________________________________

Tender information of 5-year Government Bonds under the Institutional Bond Issuance Programme:-

Issue Number

:

05GB2011 

Stock code

:

4229 (HKGB 0.91 2011) 

Tender Date and Time

:

Wednesday, 4 November 2015
9:30 am to 10:30 am 

Issue and Settlement Date 

:

Thursday, 5 November 2015

Amount on Offer 

:

HK$3.0 billion

Maturity          

:

Five years

Maturity Date

:

5 November 2020 

Interest Rate    

:

0.91% p.a., payable semi-annually in arrears 

Interest Payment Dates 

:

5 May 2016
7 November 2016
5 May 2017
6 November 2017
7 May 2018
5 November 2018
6 May 2019
5 November 2019
5 May 2020
5 November 2020

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

:

6 November 2015

 

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

Yield-to-Maturity

Price

Yield-to-Maturity

Price

-0.090

105.01

0.910

100.01

-0.040

104.76

0.960

99.77

0.010

104.50

1.010

99.53

0.060

104.24

1.060

99.28

0.110

103.99

1.110

99.04

0.160

103.73

1.160

98.81

0.210

103.48

1.210

98.57

0.260

103.23

1.260

98.33

0.310

102.98

1.310

98.09

0.360

102.72

1.360

97.85

0.410

102.47

1.410

97.62

0.460

102.22

1.460

97.38

0.510

101.98

1.510

97.15

0.560

101.73

1.560

96.91

0.610

101.48

1.610

96.68

0.660

101.23

1.660

96.45

0.710

100.99

1.710

96.22

0.760

100.74

1.760

95.98

0.810

100.50

1.810

95.75

0.860

100.25

1.860

95.52

0.910

100.01

1.910

95.29

 

* 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 October 2015

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Last revision date : 26 October 2015