Tender of 3-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 9 May 2012

Press Releases

27 Apr 2012

Tender of 3-year Government Bonds under the Institutional Bond Issuance Programme to be held on Wednesday, 9 May 2012

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Friday) that a tender of 3-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 9 May 2012, for settlement on Thursday, 10 May 2012.

A total of HK$3 billion 3-year Bonds will be tendered.  The Bonds will mature on 11 May 2015 and will carry interest at the rate of 0.46% per annum payable semi-annually in arrears.

Under the Institutional Bond Issuance Programme, tender is open only to Recognised 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
27 April 2012

 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION

Tender information of 3-year Government Bonds under the Institutional Bond Issuance Programme:-

Issue Number

:

03GB1505

Stock code

:

4213 (HKGB 0.46 1505)

Tender Date and Time

:

Wednesday, 9 May 2012
9:30 am to 10:30 am

Issue and Settlement Date

:

Thursday, 10 May 2012

Amount on Offer 

:

HK$3 billion

Maturity               

:

Three years

Maturity Date

:

11 May 2015

Interest Rate    

:

0.46% p.a., payable semi-annually in arrears

Interest Payment Dates 

:

12 November 2012
10 May 2013
11 November 2013
12 May 2014
10 November 2014
11 May 2015

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

:

11 May 2012

 

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

Yield-to-Maturity

Price

Yield-to-Maturity

Price

-0.54

103.04

0.46

100.00

-0.49

102.88

0.51

99.85

-0.44

102.73

0.56

99.70

-0.39

102.57

0.61

99.56

-0.34

102.42

0.66

99.41

-0.29

102.26

0.71

99.26

-0.24

102.11

0.76

99.11

-0.19

101.96

0.81

98.97

-0.14

101.81

0.86

98.82

-0.09

101.65

0.91

98.68

-0.04

101.50

0.96

98.53

0.01

101.35

1.01

98.38

0.06

101.20

1.06

98.24

0.11

101.05

1.11

98.09

0.16

100.90

1.16

97.95

0.21

100.75

1.21

97.80

0.26

100.60

1.26

97.66

0.31

100.45

1.31

97.52

0.36

100.30

1.36

97.37

0.41

100.15

1.41

97.23

0.46

100.00

1.46

97.09

 

* 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
27 April 2012

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Last revision date : 27 April 2012