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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 (May 3) that a tender of 5-year Government Bonds (Bonds) through the re-opening of existing 5-year Government Bond issue 05GB2011 under the Institutional Bond Issuance Programme will be held on May 11 (Wednesday) for settlement on May 12 (Thursday).
An additional amount of HK$2.5 billion of the outstanding 5-year Bonds (issue no. 05GB2011) will be on offer. The Bonds will mature on November 5, 2020 and will carry interest at the rate of 0.91% per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on May 3 is 99.60 with an annualised yield of 1.005%.
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 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, the 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
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Tender information of re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number : 05GB2011 (Re-open)
Stock code : 4229 (HKGB 0.91 2011)
Tender Date and Time : May 11, 2016 (Wednesday)
9.30am to 10.30am
Issue and Settlement : May 12, 2016 (Thursday)
Date for tender
amount
Amount on Offer : HK$2.5 billion
Maturity : 5 years
Remaining Maturity : Approximately 4.49 years
Maturity Date : November 5, 2020
Interest Rate : 0.91% p.a. payable
semi-annually in arrears
Interest Payment Dates : November 7, 2016
May 5, 2017
November 6, 2017
May 7, 2018
November 5, 2018
May 6, 2019
November 5, 2019
May 5, 2020
November 5, 2020
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.
The accrued interest to
be paid by successful
bidders on the issue
date (May 12) for the
tender amount is
HK$8.73 per minimum
denomination of
HK$50,000.
(The accrued interest to
be paid for tender amount
exceeding HK$50,000 may
not be exactly equal to
the figures calculated
from the accrued interest
per minimum denomination
of HK$50,000 due to
rounding).
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 : The tender amount is
date of dealing on fully fungible with the
the Stock Exchange existing 05GB2011
of Hong Kong Limited (Stock code: 4229)
listed on the Stock
Exchange of Hong Kong.
Price/Yield Table of the re-opening Government Bonds at tender for reference* only:
Yield-to- Price Yield-to- Price
Maturity Maturity
0.005 104.05 1.005 99.60
0.055 103.83 1.055 99.38
0.105 103.60 1.105 99.16
0.155 103.37 1.155 98.95
0.205 103.14 1.205 98.73
0.255 102.92 1.255 98.52
0.305 102.69 1.305 98.30
0.355 102.47 1.355 98.09
0.405 102.24 1.405 97.88
0.455 102.02 1.455 97.67
0.505 101.79 1.505 97.46
0.555 101.57 1.555 97.24
0.605 101.35 1.605 97.03
0.655 101.13 1.655 96.82
0.705 100.91 1.705 96.61
0.755 100.69 1.755 96.41
0.805 100.47 1.805 96.20
0.855 100.25 1.855 95.99
0.905 100.03 1.905 95.78
0.955 99.81 1.955 95.58
1.005 99.60 2.005 95.37
* 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/Tuesday, May 3, 2016
Issued at HKT 17:09
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