The Inland Revenue Department today (September 4) reminded members of the public to stay vigilant regarding bogus voice message phone calls purporting to be made by the department. The scammers use pre-recorded voice messages a… read more
The Centre for Health Protection (CHP) of the Department of Health today (September 4) reported an update on its investigations announced yesterday into a suspected outbreak of food poisoning related to a restaurant in Tsim Sha Tsui… read more
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 (September 4) that a tender of 15-year Government Bonds (Bonds) through the re-opening of existing 15-year Government Bond issue 15GB3203 under the Institutional Bond Issuance Programme will be held on September 12 (Wednesday), for settlement on September 13 (Thursday).
An additional amount of HK$0.6 billion of the outstanding 15-year Bonds (issue no. 15GB3203) will be on offer. The Bonds will mature on March 2, 2032 and will carry interest at the rate of 1.89 per cent per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on September 4, 2018 is 94.46 with an annualised yield of 2.388 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, 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 15-year Government Bonds under the Institutional Bond Issuance Programme:
| Issue Number | : | 15GB3203 (Re-open) |
| Stock code | : | 4232 (HKGB 1.89 3203) |
| Tender Date and Time | : | Wednesday, September 12, 2018 9.30am to 10.30am |
| Issue and Settlement Date |
: | Thursday, September 13, 2018 |
| Amount on Offer |
: | HK$0.6 billion |
| Maturity |
: | Fifteen years |
| Remaining Maturity | : | Approximately 13.48 years |
| Maturity Date | : | March 2, 2032 |
| Interest Rate | : | 1.89% p.a., payable semi-annually in arrears |
| Interest Payment Dates | : | March 4, 2019 September 2, 2019 March 2, 2020 September 2, 2020 March 2, 2021 September 2, 2021 March 2, 2022 September 2, 2022 March 2, 2023 September 4, 2023 March 4, 2024 September 2, 2024 March 3, 2025 September 2, 2025 March 2, 2026 September 2, 2026 March 2, 2027 September 2, 2027 March 2, 2028 September 4, 2028 March 2, 2029 September 3, 2029 March 4, 2030 September 2, 2030 March 3, 2031 September 2, 2031 March 2, 2032 |
| 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 (September 13, 2018) for the tender amount is HK$25.89 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 15GB3203 (Stock code: 4232) listed on the Stock Exchange of Hong Kong. |
| Yield-to-Maturity | Price | Yield-to-Maturity | Price |
| 1.388 | 106.21 | 2.388 | 94.45 |
| 1.438 | 105.58 | 2.438 | 93.90 |
| 1.488 | 104.96 | 2.488 | 93.36 |
| 1.538 | 104.34 | 2.538 | 92.82 |
| 1.588 | 103.73 | 2.588 | 92.28 |
| 1.638 | 103.12 | 2.638 | 91.75 |
| 1.688 | 102.51 | 2.688 | 91.22 |
| 1.738 | 101.91 | 2.738 | 90.70 |
| 1.788 | 101.31 | 2.788 | 90.17 |
| 1.838 | 100.72 | 2.838 | 89.66 |
| 1.888 | 100.13 | 2.888 | 89.14 |
| 1.938 | 99.54 | 2.938 | 88.63 |
| 1.988 | 98.96 | 2.988 | 88.12 |
| 2.038 | 98.38 | 3.038 | 87.62 |
| 2.088 | 97.81 | 3.088 | 87.12 |
| 2.138 | 97.24 | 3.138 | 86.62 |
| 2.188 | 96.67 | 3.188 | 86.13 |
| 2.238 | 96.11 | 3.238 | 85.63 |
| 2.288 | 95.55 | 3.288 | 85.15 |
| 2.338 | 95.00 | 3.338 | 84.66 |
| 2.388 | 94.45 | 3.388 | 84.18 |
The Chief Executive’s Council of Advisers on Innovation and Strategic Development held its third meeting today (September 4) to deliberate on the development of Hong Kong’s maritime and aviation services. Members were also briefed on Hong Kong International Airport (HKIA)’s recent initiatives.
Members noted that HKIA is the world’s busiest airport for international air cargo, while Hong Kong port is one of the busiest container ports in the world. They reviewed the economic contribution and strengths of the maritime and aviation sectors in Hong Kong and deliberated on the challenges faced by the two sectors and how the maritime and port industry could stay competitive and move up the value chain. Members were also updated on the new initiatives to boost HKIA’s cargo handling capacities and the integrated retail, dining and entertainment development of SkyCity.
Members opined that the opening of the Hong Kong-Zhuhai-Macao Bridge, the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area development would bring vast opportunities for the two sectors, and suggested that the cities in the Bay Area should collaborate to create better synergies.
The Chief Executive, Mrs Carrie Lam, said, “Hong Kong is the regional transport and logistics hub because of our strategic location on the East-West trade route and our role as the gateway to the Pearl River Delta. Our geographical advantage is further reinforced by our open and transparent regulatory regime, a simple tax system with a low tax rate, the rule of law and an independent judiciary. More importantly, we have the support of our country as indicated in the Dedicated Chapter on Hong Kong and Macao in the National 13th Five-year Plan to consolidate and enhance Hong Kong’s status as an international financial, transport and trade centre. It is high time we reviewed our strategy in further developing the maritime and aviation sectors to seize the opportunities available through proactive government policies, facilitating measures, timely investment and stepped-up promotions.”
The Council is a high-level body responsible for advising the Chief Executive on Hong Kong’s future development and strategies for driving innovation. It gives advice on Hong Kong’s strategic positioning in the global and regional contexts and directions of economic development, with an aim of enhancing Hong Kong’s competitiveness and growth potential, providing guidance on evidence-based research and undertaking studies on related issues, with a view to enhancing policy formulation to meet changing development needs and advising on stakeholder engagement and public participation in the policy formulation and consensus building process. read more
A man was fined $2,000 at the Eastern Magistrates’ Courts today (September 4) for contravening the Clubs (Safety of Premises) Ordinance.
The courts heard that in February this year, officers from the Office of the Licensing Authority (OLA) of the Home Affairs Department conducted an inspection at a club on Shau Kei Wan Main Street East which had been operating with a certificate of compliance (CoC). The staff failed to show the registered drawings upon the OLA officers’ request. Condition 17 of the CoC was breached.
The man, being the manager of the club, was charged with contravening section 21(1)(a) of the Ordinance.
A spokesman for the department reminded all CoC holders to comply with the conditions as stipulated therein. Enforcement action will continue to be taken against illegal club operations. read more