Tender of 10-year Government Bonds under Institutional Bond Issuance Programme to be held on June 28
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The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (June 19) that a tender of 10-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on June 28 (Wednesday), for settlement on 29 June (Thursday).
A total of HK$1.2 billion 10-year Bonds will be tendered. The Bonds will mature on June 29, 2027 and will carry interest at the rate of 1.25% per annum payable semi-annually in arrears.
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, 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 10-year Government Bonds under the Institutional Bond Issuance Programme:
| Issue Number | : | 10GB2706 |
| Stock code | : | 4235 (HKGB 1.25 2706) |
| Tender Date and Time | : | June 28, 2017 (Wednesday) 9.30am to 10.30am |
| Issue and Settlement Date |
: | June 29, 2017 (Thursday) |
| Amount on Offer |
: | HK$1.2 billion |
| Maturity |
: | Ten years |
| Maturity Date | : | June 29, 2027 |
| Interest Rate | : | 1.25% p.a., payable semi-annually in arrears |
| Interest Payment Dates | : | December 29, 2017 June 29, 2018 December 31, 2018 June 28, 2019 December 30, 2019 June 29, 2020 December 29, 2020 June 29, 2021 December 29, 2021 June 29, 2022 December 29, 2022 June 29, 2023 December 29, 2023 June 28, 2024 December 30, 2024 June 30, 2025 December 29, 2025 June 29, 2026 December 29, 2026 June 29, 2027 |
| 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 |
: | June 30, 2017 |
Price/Yield Table of the new Government Bonds at tender for reference* only:
| Yield-to-Maturity | Price | Yield-to-Maturity | Price |
| 0.250 | 109.87 | 1.250 | 100.04 |
| 0.300 | 109.35 | 1.300 | 99.57 |
| 0.350 | 108.84 | 1.350 | 99.11 |
| 0.400 | 108.33 | 1.400 | 98.65 |
| 0.450 | 107.82 | 1.450 | 98.19 |
| 0.500 | 107.31 | 1.500 | 97.74 |
| 0.550 | 106.81 | 1.550 | 97.29 |
| 0.600 | 106.31 | 1.600 | 96.83 |
| 0.650 | 105.81 | 1.650 | 96.39 |
| 0.700 | 105.32 | 1.700 | 95.94 |
| 0.750 | 104.82 | 1.750 | 95.50 |
| 0.800 | 104.33 | 1.800 | 95.06 |
| 0.850 | 103.84 | 1.850 | 94.62 |
| 0.900 | 103.36 | 1.900 | 94.18 |
| 0.950 | 102.88 | 1.950 | 93.75 |
| 1.000 | 102.40 | 2.000 | 93.32 |
| 1.050 | 101.92 | 2.050 | 92.89 |
| 1.100 | 101.45 | 2.100 | 92.46 |
| 1.150 | 100.97 | 2.150 | 92.04 |
| 1.200 | 100.50 | 2.200 | 91.62 |
| 1.250 | 100.04 | 2.250 | 91.20 |
* 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 19, 2017
Issued at HKT 16:30
Issued at HKT 16:30
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