Hong Kong Monetary Authority - Tender of 1-year HONIA-indexed Floating Rate Notes under the Institutional Bond Issuance Programme to be held on Wednesday, 17 November 2021

Press Releases

08 Nov 2021

Tender of 1-year HONIA-indexed Floating Rate Notes under the Institutional Bond Issuance Programme to be held on Wednesday, 17 November 2021

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (8 November) that a tender of 1-year HONIA-indexed Floating Rate Notes (Notes) under the Institutional Bond Issuance Programme will be held on Wednesday, 17 November 2021, for settlement on Thursday, 18 November 2021.

A total of HK$1.0 billion 1-year Notes will be tendered. The Notes will mature on 18 November 2022 and will carry interest indexed to the Hong Kong Dollar Overnight Index Average (HONIA), payable quarterly 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 Notes 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 https://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, the Government Bond Programme’s website, the Refinitiv screen (HKGBINDEX), and Bloomberg (GBHK <GO>) not later than 3:00 pm on the tender day.

Hong Kong Monetary Authority
8 November 2021

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
_________________________________________________________________

Tender information of 1-year HONIA-indexed Floating Rate Notes under the Institutional Bond Issuance Programme:-

Issue Number	:	01GH2211
Stock code	:	4247 (HKGB FRN 2211)
Tender Date and Time	:	Wednesday, 17 November 2021 9:30 am to 10:30 am
Issue and Settlement Date for tender amount	:	Thursday, 18 November 2021
Amount on Offer	:	HK$1.0 billion
Issue Price	:	At par
Maturity	:	1 year
Maturity Date	:	18 November 2022
Interest Rate	:	Indexed to the sum of the annualised compounded average of daily HONIA in each interest period and the highest accepted spread at tender, subject to a minimum of 0% per interest period. Details on calculation of interest rate are available at the Supplemental Information Memorandum on the Government Bond Programme’s website at https://www.hkgb.gov.hk.
Interest Period End Dates	:	18 February 2022 18 May 2022 18 August 2022 18 November 2022
Interest Payment Dates	:	22 February 2022 20 May 2022 22 August 2022 22 November 2022
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 Notes must be submitted through a Primary Dealer on the current published list.
Other details	:	Please see Information Memorandum and Supplemental Information Memorandum available on the Government Bond Programme’s website at https://www.hkgb.gov.hk or approach Primary Dealers.
Expected Listing Date	:	19 November 2021

Hong Kong Monetary Authority
8 November 2021

Latest Press Releases

View All View All