Two nominations for Legislative Council Kowloon West geographical constituency by-election received

     Two nominations for the Legislative Council Kowloon West geographical constituency by-election were received by the Returning Officer today (October 2), the first day of the nomination period.

     Particulars of the nominees are available on the election website (www.elections.gov.hk/legco2018kwby/eng/nominat.html).
 
     The nomination period will run until October 15. If the number of validly nominated candidates is more than one at the by-election, a poll will be held on November 25, 2018 (Sunday).




Tender for the re-opening of 10-Year Government Bonds under the Institutional Bond Issuance Programme to be held on October 10

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 (October 2) that a tender of 3-year Government Bonds (Bonds) through the re-opening of existing 10-year Government Bond issue 10GB2108 under the Institutional Bond Issuance Programme will be held on October 10 (Wednesday), for settlement on October 11 (Thursday).
 
     An additional amount of HK$4.0 billion of the outstanding 10-Year Bonds (issue no. 10GB2108) will be on offer. The Bonds will mature on August 4, 2021 and will carry interest at the rate of 2.46 per cent per annum payable semi-annually in arrears. The Bonds Fixings on October 2, 2018 is 100.47 with an annualised yield of 2.300 per cent.
 
     Under the Institutional Bond Issuance Programme, tender is open only to Recognised Dealers which are appointed as Primary Dealers. Any tender applications for the Bonds must be submitted through a Primary Dealer 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
—————————————————————————————– 

     Tender information of re-opening of 10-Year Government Bonds under the Institutional Bond Issuance Programme:
 

Issue Number : 10GB2108 (Re-open)
 
Stock code : 4209 (HKGB 2.46 2108)
 
Tender Date and Time : October 10, 2018 (Wednesday) 
9.30am to 10.30am
 
Issue and Settlement Date
 
: October 11, 2018 (Thursday)
 
Amount on Offer
 
: HK$4.0 billion
Maturity              
 
: 3 years
Remaining Maturity
 
  Approximately 2.82 years
Maturity Date : August 4, 2021
 
Interest Rate     : 2.46 per cent p.a., payable semi-annually in arrears
 
Interest Payment Dates  : February 4, 2019
August 5, 2019
February 4, 2020
August 4, 2020
February 4, 2021
August 4, 2021
 
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 (October 11, 2018) for the tender amount is HK$222.41 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 10GB2108 (Stock code: 4209) 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
1.300 103.21 2.300 100.47
1.350 103.07 2.350 100.33
1.400 102.93 2.400 100.20
1.450 102.79 2.450 100.07
1.500 102.65 2.500 99.93
1.550 102.51 2.550 99.80
1.600 102.37 2.600 99.67
1.650 102.24 2.650 99.53
1.700 102.10 2.700 99.40
1.750 101.96 2.750 99.27
1.800 101.82 2.800 99.14
1.850 101.69 2.850 99.00
1.900 101.55 2.900 98.87
1.950 101.41 2.950 98.74
2.000 101.28 3.000 98.61
2.050 101.14 3.050 98.48
2.100 101.01 3.100 98.35
2.150 100.87 3.150 98.22
2.200 100.74 3.200 98.09
2.250 100.60 3.250 97.96
2.300 100.47 3.300 97.83

 
* 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.




SDEV speaks to the media

     Following is the transcript of remarks by the Secretary for Development, Mr Michael Wong, at a media session after attending the Construction Quality Forum and Construction Innovation and Technology Fund Launching Ceremony today (October 2):
 
Reporter: Just now in your speech, you mentioned that there are a few very high profile quality issues with major projects, and that the Government will face it. But earlier, there are still concerns that with the restart of construction at Exhibition Centre Station, there are concerns about the safety issues because they lowered the acceptable levels for subsidence. What do you have to say to that?
 
Secretary for Development: I think the Acting Secretary for Transport and Housing, Dr Raymond So, has explained the rationale for restarting the construction very clearly, so I am not going to repeat that. From the Government's point of view, we will do everything possible to ensure that our construction industry can provide services that are of the highest standard possible. As I said in the speech just now, actually, if you look at our international track record, Hong Kong has been performing in a most impressive manner. For eight years in a row, we have been ranked number one by one of the leading organisations in the world. So, I think, on the one hand, we need to face our inadequacies frankly and honestly, but at the same time, we don't need to be too shy about our achievement. The fact is that Hong Kong has been leading in the world in the area of public infrastructure.  

(Please also refer to the Chinese portion of the transcript.)




Update on cases of Legionnaires’ disease

     The Centre for Health Protection (CHP) of the Department of Health today (October 2) reported the latest number of cases of Legionnaires' disease (LD), and stressed the importance of using and maintaining properly designed man-made water systems, and that susceptible groups should strictly observe relevant precautions.

     From September 23 to 29, two community-acquired LD cases were reported. They are:
 

  1. A male patient, aged 76 with underlying illnesses, who lived in the Mainland, and has passed away; and
  2. A male patient, aged 89 with underlying illnesses, who lived in Wing Kwong Street, Peng Chau, and has passed away.

     "Epidemiological investigations are ongoing to identify potential sources of infection, high-risk exposure and clusters, if any," a spokesman for the CHP said.

     As of September 29, 79 LD cases had been reported in 2018. In 2017 and 2016, there were 72 and 75 cases respectively.

     "Men, people aged over 50, smokers, alcoholics and persons with weakened immunity are more susceptible to LD. Some situations may also increase the risk of infection, including poor maintenance of water systems leading to stagnant water; living in areas with old water systems, cooling towers or fountains; using electric water heaters, whirlpools and spas or hot water spring spas; and recent stays in hotels or vessels," the spokesman said.

     Legionellae are found in various environmental settings and grow well in warm water (20 to 45 degrees Celsius). They can be found in aqueous environments such as water tanks, hot and cold water systems, cooling towers, whirlpools and spas, water fountains and home apparatus which support breathing. People may get infected when they breathe in contaminated droplets (aerosols) and mist generated by artificial water systems, or when handling garden soil, compost and potting mixes.

     Immunocompromised persons should:
 

  1. Use sterile or boiled water for drinking, tooth brushing and mouth rinsing;
  2. Avoid using humidifiers, or other mist- or aerosol-generating devices. A shower may also generate small aerosols; and
  3. If using these devices, fill the water tank with only sterile or cooled freshly boiled water, and not tap water. Also, clean and maintain them regularly according to manufacturers' instructions. Never leave stagnant water. Empty the water tank, wipe all surfaces dry, and change the water daily.

     The public should observe the health advice below:
 

  • Observe personal hygiene;
  • Do not smoke and avoid alcohol;
  • Strainers in water taps and shower heads should be inspected, cleaned, descaled and disinfected regularly or at a frequency recommended by the manufacturer;
  • If a fresh water plumbing system is properly maintained, it is not necessary to install domestic water filters. Use of water filters is not encouraged as clogging occurs easily, which can promote growth of micro-organisms. In case water filters are used, the pore size should be 0.2 micrometres (µm) and the filter needs to be changed periodically according to the manufacturer's recommendations;
  • Drain and clean water tanks of buildings at least quarterly;
  • Drain or purge for at least one minute the infrequently used water outlets (e.g. water taps, shower heads and hot water outlets) and stagnant points of the pipework weekly or before use;
  • Seek and follow medical advice regarding the use and maintenance of home respiratory devices and use only sterile (not distilled or tap) water to clean and fill the reservoir. Clean and maintain them regularly according to the manufacturer's instructions. After cleaning/disinfection, rinse the device with sterile water, cooled freshly boiled water or water filtered with 0.2-µm filters. Never leave stagnant water. Empty the water tank, keep all surfaces dry, and change the water daily; and
  • When handling garden soil, compost and potting mixes:

     1. Water gardens and compost gently using low pressure;
     2. Open composted potting mixes slowly and make sure the opening is directed away from the face;
     3. Wet the soil to reduce dust when potting plants; and
     4. Avoid working in poorly ventilated places such as enclosed greenhouses.

     The public may visit the CHP's LD page, the Code of Practice for Prevention of LD and the Housekeeping Guidelines for Cold and Hot Water Systems for Building Management of the Prevention of LD Committee, and the CHP's risk-based strategy for prevention and control of LD.




Suspected MERS case reported

     The Centre for Health Protection (CHP) of the Department of Health today (October 2) reported a suspected case of Middle East Respiratory Syndrome (MERS), and again urged the public to pay special attention to safety during travel, taking due consideration of the health risks in the places of visit. The case is detailed below:
 

Sex Female
Age 87
Affected area involved Dubai, United Arab Emirates
High-risk exposure Nil
Hospital Ruttonjee Hospital
Condition Serious
MERS-Coronavirus preliminary test result Pending

     "Travellers to the Middle East should avoid going to farms, barns or markets with camels; avoid contact with sick persons and animals, especially camels, birds or poultry; and avoid unnecessary visits to healthcare facilities. We strongly advise travel agents organising tours to the Middle East to abstain from arranging camel rides and activities involving direct contact with camels, which are known risk factors for acquiring MERS Coronavirus (MERS-CoV)," a spokesman for the CHP said.    

     Locally, the CHP's surveillance with public and private hospitals, with practising doctors and at boundary control points is firmly in place. Inbound travellers and members of the public who recently visited the Middle East and developed fever or lower respiratory symptoms within 14 days will be classified as suspected MERS cases. They will be taken to public hospitals for isolation and management until their specimens test negative for MERS-CoV.

     Travellers to affected areas should maintain vigilance, adopt appropriate health precautions and take heed of personal, food and environmental hygiene. The public may visit the MERS pages of the CHP and its Travel Health Service, MERS statistics in affected areas, the CHP's Facebook Page and YouTube Channel, and the World Health Organization's latest news for more information and health advice. Tour leaders and tour guides operating overseas tours are advised to refer to the CHP's health advice on MERS.