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Press Releases

Tender of 10-year Government Bonds
under the Institutional Bond Issuance Programme
to be held on Wednesday, 16 January 2019

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, 16 January 2019, for settlement on Thursday, 17 January 2019.

A total of HK$1.5 billion 10-year Bonds will be tendered. The Bonds will mature on 17 January 2029 and will carry interest at the rate of 1.97% 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
7 January 2019

 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
_________________________________________________________________

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

Issue Number

:

10GB2901

Stock code

:

4236 (HKGB 1.97 2901)

Tender Date and Time

:

Wednesday, 16 January 2019

9:30 am to 10:30 am

Issue and Settlement Date

:

Thursday, 17 January 2019

Amount on Offer

:

HK$1.5 billion

Maturity              

:

Ten years

Maturity Date

:

17 January 2029

Interest Rate    

:

1.97% p.a., payable semi-annually in arrears

Interest Payment Dates 

:

17 July 2019

17 January 2020

17 July 2020

18 January 2021

19 July 2021

17 January 2022

18 July 2022

17 January 2023

17 July 2023

17 January 2024

17 July 2024

17 January 2025

17 July 2025

19 January 2026

17 July 2026

18 January 2027

19 July 2027

17 January 2028

17 July 2028

17 January 2029

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

:

18 January 2019

 

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

Yield-to-Maturity

Price

Yield-to-Maturity

Price

0.970

109.53

1.970

100.09

1.020

109.04

2.020

99.64

1.070

108.54

2.070

99.20

1.120

108.05

2.120

98.75

1.170

107.56

2.170

98.31

1.220

107.08

2.220

97.88

1.270

106.59

2.270

97.44

1.320

106.11

2.320

97.01

1.370

105.63

2.370

96.58

1.420

105.16

2.420

96.15

1.470

104.69

2.470

95.72

1.520

104.21

2.520

95.30

1.570

103.75

2.570

94.88

1.620

103.28

2.620

94.46

1.670

102.82

2.670

94.04

1.720

102.36

2.720

93.63

1.770

101.90

2.770

93.21

1.820

101.44

2.820

92.80

1.870

100.99

2.870

92.39

1.920

100.54

2.920

91.99

1.970

100.09

2.970

91.58

 

* 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
7 January 2019

Last revision date: 7 January 2019
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