Tender of one-year HONIA-indexed Floating Rate Notes under Institutional Bond Issuance Programme to be held on February 16
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The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (February 7) that a tender of one-year HONIA-indexed Floating Rate Notes (Notes) under the Institutional Bond Issuance Programme will be held on February 16 (Wednesday), for settlement on February 17 (Thursday).
A total of HK$1.0 billion one-year Notes will be tendered. The Notes will mature on February 17, 2023 and will carry interest indexed to the Hong Kong Dollar Overnight Index Average (HONIA), payable quarterly 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 Notes 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 Refinitiv 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 one-year HONIA-indexed Floating Rate Notes under the Institutional Bond Issuance Programme:
| Issue Number | : | 01GH2302 |
| Stock Code | : | 4251 (HKGB FRN 2302) |
| Tender Date and Time | : | February 16, 2022 (Wednesday) 9.30am to 10.30am |
| Issue and Settlement Date for Tender Amount | : | February 17, 2022 (Thursday) |
| Amount on Offer | : | HK$1.0 billion |
| Issue Price | : | At par |
| Maturity | : | one year |
| Maturity Date | : | February 17, 2023 |
| Interest Rate | : | Indexed to the sum of the annualised compounded average of daily HONIA in each interest period and the highest accepted spread at tender, subject to a minimum of 0 per cent per interest period. Details on calculation of interest rate are available at the Information Memorandum on the Government Bond Programme's website at www.hkgb.gov.hk. |
| Interest Period End Dates | : | May 18, 2022 August 18, 2022 November 18, 2022 February 17, 2023 |
| Interest Payment Dates | : | May 20, 2022 August 22, 2022 November 22, 2022 February 21, 2023 |
| 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 Notes 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 Listing Date | : | February 18, 2022 |
Ends/Monday, February 7, 2022
Issued at HKT 16:30
Issued at HKT 16:30
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