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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 (August 29) that a tender of 2-Year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on September 7, 2011 (Wednesday), for settlement on September 8, 2011 (Thursday).
A total of HK$3.5 billion 2-Year Bonds will be tendered. The Bonds will mature on September 9, 2013 and will carry interest at the rate of 0.32% 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 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 : 02GB1309
Stock code : 4210 (HKGB 0.32 1309)
Tender Date and Time : September 7, 2011 (Wednesday)
9.30am to 10.30am
Issue and Settlement : September 8, 2011 (Thursday)
Date
Amount on Offer : HK$3.5 billion
Maturity : Two years
Maturity Date : September 9, 2013
Interest Rate : 0.32% p.a.
Interest Payment : March 8, 2012
Dates September 10, 2012
March 8, 2013
September 9, 2013
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 : September 9, 2011
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-Maturity Price Yield-to-Maturity Price
-0.68 102.02 0.32 100.00
-0.63 101.92 0.37 99.90
-0.58 101.81 0.42 99.80
-0.53 101.71 0.47 99.70
-0.48 101.61 0.52 99.60
-0.43 101.51 0.57 99.51
-0.38 101.41 0.62 99.41
-0.33 101.31 0.67 99.31
-0.28 101.20 0.72 99.21
-0.23 101.10 0.77 99.11
-0.18 101.00 0.82 99.01
-0.13 100.90 0.87 98.92
-0.08 100.80 0.92 98.82
-0.03 100.70 0.97 98.72
0.02 100.60 1.02 98.62
0.07 100.50 1.07 98.53
0.12 100.40 1.12 98.43
0.17 100.30 1.17 98.33
0.22 100.20 1.22 98.24
0.27 100.10 1.27 98.14
0.32 100.00 1.32 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, August 29, 2011
Issued at HKT 18:01
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