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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (February 27) that a tender of 2-Year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, March 7, 2012, for settlement on Thursday, March 8, 2012.
A total of HK$3.5 billion 2-Year Bonds will be tendered. The Bonds will mature on March 10, 2014 and will carry interest at the rate of 0.38% 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 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 3pm on the tender day.
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
Tender information of 2-Year Government Bonds under the Institutional Bond Issuance Programme:-
Issue Number : 02GB1403
Stock code : 4212 (HKGB 0.38 1403)
Tender Date and Time : March 7, 2012 (Wednesday)
9.30am to 10.30am
Issue and Settlement Date : March 8, 2012 (Thursday)
Amount on Offer : HK$3.5 billion
Maturity : Two years
Maturity Date : March 10, 2014
Interest Rate : 0.38% p.a., payable semi-
annually in arrears
Interest Payment Dates : September 10, 2012
March 8, 2013
September 9, 2013
March 10, 2014
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
www.hkgb.gov.hk
or approach Primary
Dealers.
Expected commencement
date of dealing on the
Stock Exchange of Hong
Kong Limited : March 9, 2012
Price/Yield Table of the new Government Bonds at tender for reference* only:
Yield-to-Maturity Price Yield-to-Maturity Price
-0.62 102.01 0.38 100.00
-0.57 101.91 0.43 99.90
-0.52 101.81 0.48 99.80
-0.47 101.71 0.53 99.70
-0.42 101.61 0.58 99.60
-0.37 101.50 0.63 99.50
-0.32 101.40 0.68 99.41
-0.27 101.30 0.73 99.31
-0.22 101.20 0.78 99.21
-0.17 101.10 0.83 99.11
-0.12 101.00 0.88 99.01
-0.07 100.90 0.93 98.91
-0.02 100.80 0.98 98.82
0.03 100.70 1.03 98.72
0.08 100.60 1.08 98.62
0.13 100.50 1.13 98.52
0.18 100.40 1.18 98.42
0.23 100.30 1.23 98.33
0.28 100.20 1.28 98.23
0.33 100.10 1.33 98.13
0.38 100.00 1.38 98.04
* 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.
Ends/Monday, February 27, 2012
Issued at HKT 17:49
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