Author Archives: hksar gov

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 (May 6) that a tender of 5-year Government Bonds (Bonds) through the re-opening of existing 10-year Government Bond issue 10GB2408 under the Institutional Bond Issuance Programme will be held on May 15, 2019 (Wednesday), for settlement on May 16, 2019 (Thursday).

    An additional amount of HK$2.5 billion of the outstanding 10-year Bonds (issue no. 10GB2408) will be on offer.  The Bonds will mature on August 7, 2024 and will carry interest at the rate of 2.22 per cent per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on May 6, 2019 is 102.97 with an annualised yield of 1.637 per cent.
 
     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 informatiom
———————————————————————————————————-
Tender information of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:-
 

Issue Number	:	10GB2408 (Re-open)
Stock code	:	4221 (HKGB 2.22 2408)
Tender Date and Time	:	Wednesday, May 15, 2019 9.30am to 10.30am
Issue and Settlement Date for tender amount	:	Thursday, May 16, 2019
Amount on Offer	:	HK$2.5 billion
Maturity	:	5 years
Remaining Maturity	:	Approximately 5.23 years
Maturity Date	:	August 7, 2024
Interest Rate	:	2.22 per cent p.a. payable semi-annually in arrears
Interest Payment Dates	:	August 7, 2019 February 7, 2020 August 7, 2020 February 8, 2021 August 9, 2021 February 7, 2022 August 8, 2022 February 7, 2023 August 7, 2023 February 7, 2024 August 7, 2024
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 (May 16, 2019) for the tender amount is HK$294.99 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 date of dealing on the Stock Exchange of Hong Kong Limited	:	The tender amount is fully fungible with the existing 10GB2408 (Stock code: 4221) listed on the Stock Exchange of Hong Kong.

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

Yield-to-Maturity	Price	Yield-to-Maturity	Price
0.637	108.14	1.637	102.94
0.687	107.87	1.687	102.69
0.737	107.60	1.737	102.44
0.787	107.34	1.787	102.19
0.837	107.07	1.837	101.94
0.887	106.81	1.887	101.69
0.937	106.55	1.937	101.45
0.987	106.28	1.987	101.20
1.037	106.02	2.037	100.95
1.087	105.76	2.087	100.71
1.137	105.50	2.137	100.46
1.187	105.24	2.187	100.22
1.237	104.98	2.237	99.98
1.287	104.73	2.287	99.73
1.337	104.47	2.337	99.49
1.387	104.21	2.387	99.25
1.437	103.96	2.437	99.01
1.487	103.70	2.487	98.77
1.537	103.45	2.537	98.53
1.587	103.20	2.587	98.29
1.637	102.94	2.637	98.06

 
* 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. read more

The following is issued on behalf of the Hong Kong Monetary Authority:
 
     The HKMA Infrastructure Financing Facilitation Office (IFFO) and the International Finance Corporation (IFC), a member of the World Bank Group, co-held a seminar today (May 6). Entitled “ESG & Impact Investing: Creating Long-Term Value”, the seminar was supported by the Ministry of Finance of China. The event was attended by around 40 senior executives, comprising institutional investors, financiers, project developers and operators, insurers and professional service providers.
                                                                                                       
     On the environmental, social, and governance (ESG) aspect of the programme, IFC specialists used investment cases to elaborate on how ESG is embedded in IFC’s investment process, and the importance of ESG in creating long-term value. IFC also introduced its Disclosure & Transparency Toolkit, which provides best practice guidance on information disclosure for companies attracting private sector investment. Also on impact investing, the IFC introduced their “Operating Principles for Impact Management” (the Principles) – a market standard launched recently for impact investing in which investors seek to generate positive impact for society alongside financial returns in a disciplined and transparent way.
 
     The Deputy Chief Executive of the HKMA and Director of IFFO, Mr Eddie Yue, said, “We are glad to co-host this seminar with IFC, a trendsetter in ESG standards and a pioneer in impact investing. We are also honoured to have the support of the Ministry of Finance for this event. The collaborations with IFC and Ministry of Finance signify Hong Kong’s role as a gateway between Mainland China and rest of the world to promote ESG and impact investing. IFFO will continue to work with market leaders to build industry capacity in ESG and impact management, with a view to further promoting sustainable infrastructure, particularly in emerging economies.”
 
     The Director for East Asia and Pacific, IFC, Mr Vivek Pathak, said, “Impact investing needs to offer investors a transparent basis on which they can focus investment to achieve positive measurable outcomes for society in addition to adequate financial returns. The Principles facilitate this process by creating clarity and consistency regarding what constitutes managing investments for impact to bolster confidence in the market.”
 
About IFFO

     As part of the HKMA, IFFO’s mission is to facilitate infrastructure investments and their financing by working with a cluster of key stakeholders. The functions of IFFO are:

• providing a platform for information exchange and experience sharing;
• building capacity and knowledge on infrastructure investments and financing;
• promoting market and product development; and
• facilitating infrastructure investment and financing flows.

 
     By establishing IFFO, the HKMA can play a valuable role as a catalyst in the facilitation of infrastructure investments and their financings with its mandate to promote Hong Kong as an international financial centre.
 
     For more information about IFFO, please visit www.iffo.org.hk.
 
About IFC

     IFC – a sister organisation of the World Bank and member of the World Bank Group – is the largest global development institution focused on the private sector in emerging markets. IFC works with more than 2 000 businesses worldwide, using their capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, IFC delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org. read more

     The Centre for Health Protection of the Department of Health (DH) said today (May 6) that no additional case of measles infection had been recorded as at 4pm today.        Regarding measles contr… read more

The following is issued on behalf of the Legislative Council Secretariat:        The first meeting of the Legislative Council Subcommittee on Entertainment Special Effects (Fees) (Amendment) Regulation 2019 originally schedul… read more

     The Financial Leaders Forum (FLF), chaired by the Financial Secretary, Mr Paul Chan, held its eighth meeting today (May 6).

     Members were first briefed by Hong Kong Exchanges and Clearing Limited on the strategy to strengthen Hong Kong’s position as the preferred listing venue for international enterprises. Members agreed that Hong Kong has full potential to attract more listings by international enterprises and to capture the opportunities thereof, with a view to developing Hong Kong into an even broader and deeper fundraising platform. 

     Members were also briefed by the Financial Services Development Council on the comparative advantages of Hong Kong as an international financial centre in Asia. Members opined that the Government, financial regulators and the financial services industry should continue to step up concerted efforts to advance Hong Kong’s diverse developments and competitiveness, leveraging on its unique position as an international financial centre with close connections with the Mainland. read more