Tender of 3-year Government Bonds under Institutional Bond Issuance Programme to be held on April 13

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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 (HKSAR) Government, announced today (April 1) that a tender of 3-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on April 13, 2022, (Wednesday) for settlement on April 14, 2022 (Thursday).
      
     A total of HK$4.0 billion 3-year Bonds will be tendered. The Bonds will mature on April 14, 2025 and will carry interest at the rate of 1.79 per cent 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, the Government Bond Programme's website, the Refinitiv screen (HKGBINDEX), and Bloomberg (GBHK <GO>) not later than 3 pm on the tender day.

HKSAR Government Institutional Bond Issuance Programme tender information
—————————————————————————————–
     Tender information of 3-year Government Bonds under the Institutional Bond Issuance Programme:
 

Issue Number : 03GB2504
Stock Code : 4253 (HKGB 1.79 2504)
Tender Date and Time : April 13, 2022 (Wednesday)
9.30 am to 10.30 am
Issue and Settlement Date for Tender Amount : April 14, 2022 (Thursday)
Amount on Offer : HK$4.0 billion
Maturity               : 3 years
Maturity Date : April 14, 2025
Interest Rate     : 1.79 per cent p.a. payable semi-annually in arrears
Interest Payment Dates  : October 14, 2022
April 14, 2023
October 16, 2023
April 15, 2024
October 14, 2024
April 14, 2025
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
: April 19, 2022

     Price/Yield Table of the Government Bonds at tender for reference* only:
 

Yield-to-Maturity Price Yield-to-Maturity Price
0.790 102.96 1.790 100.02
0.840 102.81 1.840 99.88
0.890 102.66 1.890 99.74
0.940 102.52 1.940 99.59
0.990 102.37 1.990 99.45
1.040 102.22 2.040 99.31
1.090 102.07 2.090 99.16
1.140 101.92 2.140 99.02
1.190 101.77 2.190 98.88
1.240 101.63 2.240 98.74
1.290 101.48 2.290 98.60
1.340 101.33 2.340 98.45
1.390 101.19 2.390 98.31
1.440 101.04 2.440 98.17
1.490 100.89 2.490 98.03
1.540 100.75 2.540 97.89
1.590 100.60 2.590 97.75
1.640 100.46 2.640 97.61
1.690 100.31 2.690 97.47
1.740 100.17 2.740 97.33
1.790 100.02 2.790 97.20

 
*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.

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