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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 (June 27) that a tender of 10-year Government Bonds (Bonds) through the re-opening of existing 10-year Government Bond issue 10GB2601 under the Institutional Bond Issuance Programme will be held on July 6, 2016 (Wednesday) for settlement on July 7, 2016 (Thursday).
An additional amount of HK$1.2 billion of the outstanding 10-year Bonds (issue no. 10GB2601) will be on offer. The Bonds will mature on January 21, 2026 and will carry interest at the rate of 1.68% per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on June 27, 2016 is 105.80 with an annualised yield of 1.046%.
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 10-year Government Bonds under the Institutional Bond Issuance Programme:
Issue Number : 10GB2601 (Re-open)
Stock code : 4230 (HKGB 1.68 2601)
Tender Date and Time : July 6, 2016 (Wednesday)
9.30am to 10.30am
Issue and Settlement : July 7, 2016 (Thursday)
Date for tender amount
Amount on Offer : HK$1.2 billion
Maturity : 10 years
Remaining Maturity : Approximately 9.55 years
Maturity Date : January 21, 2026
Interest Rate : 1.68% p.a. payable
semi-annually in arrears
Interest Payment Dates : July 21, 2016
January 23, 2017
July 21, 2017
January 22, 2018
July 23, 2018
January 21, 2019
July 22, 2019
January 21, 2020
July 21, 2020
January 21, 2021
July 21, 2021
January 21, 2022
July 21, 2022
January 25, 2023
July 21, 2023
January 22, 2024
July 22, 2024
January 21, 2025
July 21, 2025
January 21, 2026
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 (July 7, 2016) for the tender
amount is HK$386.63 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 fully
date of dealing on the fungible with the existing
Stock Exchange of Hong 10GB2601 (Stock code: 4230)
Kong Limited 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
--------- ----- --------- -----
0.046 115.55 1.046 105.77
0.096 115.04 1.096 105.30
0.146 114.53 1.146 104.84
0.196 114.02 1.196 104.38
0.246 113.51 1.246 103.93
0.296 113.01 1.296 103.47
0.346 112.51 1.346 103.02
0.396 112.01 1.396 102.57
0.446 111.52 1.446 102.12
0.496 111.02 1.496 101.68
0.546 110.53 1.546 101.24
0.596 110.05 1.596 100.80
0.646 109.56 1.646 100.36
0.696 109.08 1.696 99.92
0.746 108.60 1.746 99.49
0.796 108.12 1.796 99.06
0.846 107.64 1.846 98.63
0.896 107.17 1.896 98.20
0.946 106.70 1.946 97.77
0.996 106.23 1.996 97.35
1.046 105.77 2.046 96.93
* 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, June 27, 2016
Issued at HKT 17:52
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