Tender of 2-Year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 2 September 2009

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 2-year Government Bonds ("Bonds") under the Institutional Bond Issuance Programme will be held on Wednesday, 2 September 2009, for settlement on Thursday, 3 September 2009.

A total of HK$3,500 million 2-year Bonds will be tendered. The Bonds will mature on 5 September 2011 and will carry interest at the rate of 0.92% per annum payable semi-annually in arrears.

This is the first institutional bond issuance under the Government Bond Programme after the relevant resolutions were passed by the Legislative Council on 8 July 2009. The Government Bond Programme consists of Institutional Bond Issuance Programme and Retail Bond Issuance Programme. The first tentative issuance schedule for the Institutional Bond Issuance Programme, covering six months from September 2009 to February 2010, was published by the HKMA on 3 August 2009.

Under the Institutional Bond Issuance Programme, tender is open only to Recognized Dealers which are appointed as Primary Dealers. Any tender applications for the Bonds must be submitted through a Primary Dealer 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 Government Bond Programme's website, the Reuters screen (HKGBINDEX), and Bloomberg not later than 3:00 pm on the tender day.

Hong Kong Monetary Authority
24 August 2009

HONG KONG GOVERNMENT BOND PROGRAMME
TENDER INFORMATION
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Tender information of 2-Year Government Bonds under the Institutional Bond Issuance Programme:-

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

* 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
24 August 2009