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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 10) that a tender of 5-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on February 19 (Wednesday), for settlement on February 20 (Thursday).
A total of HK$3 billion 5-year Bonds will be tendered. The Bonds will mature on February 20, 2019 and will carry interest at the rate of 1.47% 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 5-year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number : 05GB1902
Stock code : 4219 (HKGB 1.47 1902)
Tender date and time: February 19, 2014 (Wednesday)
9.30am to 10.30am
Issue and settlement: February 20, 2014 (Thursday)
date
Amount on Offer : HK$3 billion
Maturity : Five years
Maturity Date : February 20, 2019
Interest Rate : 1.47% p.a., payable
semi-annually in arrears
Interest Payment Dates : August 20, 2014
February 23, 2015
August 20, 2015
February 22, 2016
August 22, 2016
February 20, 2017
August 21, 2017
February 20, 2018
August 20, 2018
February 20, 2019
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 : February 21, 2014
date of dealing on
the Stock Exchange
of Hong Kong Limited
Price/Yield Table of the new Government Bonds at tender for reference* only:
Yield-to- Price Yield-to- Price
Maturity Maturity
0.470 104.94 1.470 100.03
0.520 104.69 1.520 99.79
0.570 104.43 1.570 99.55
0.620 104.18 1.620 99.31
0.670 103.93 1.670 99.08
0.720 103.68 1.720 98.84
0.770 103.43 1.770 98.61
0.820 103.19 1.820 98.37
0.870 102.94 1.870 98.14
0.920 102.69 1.920 97.91
0.970 102.45 1.970 97.68
1.020 102.20 2.020 97.44
1.070 101.96 2.070 97.21
1.120 101.71 2.120 96.98
1.170 101.47 2.170 96.75
1.220 101.23 2.220 96.53
1.270 100.99 2.270 96.30
1.320 100.74 2.320 96.07
1.370 100.50 2.370 95.84
1.420 100.26 2.420 95.62
1.470 100.03 2.470 95.39
* 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 10, 2014
Issued at HKT 16:30
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