Tender for re-opening of 3-year Government Bonds under Institutional Bond Issuance Programme to be held on October 21

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 11) that a tender of 3-year Government Bonds (Bonds) through the re-opening of existing 3-year Government Bond issue 03GB2404 under the Institutional Bond Issuance Programme will be held on October 21 (Thursday) for settlement on October 22 (Friday).
           
     An additional amount of HK$4.0 billion of the outstanding 3-year Bonds (issue number 03GB2404) will be on offer. The Bonds will mature on April 15, 2024 and will carry interest at the rate of 0.36 per cent per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on October 11 is 100.04 with an annualised yield of 0.344 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.

Issue Number : 03GB2404 (Re-open)
  Stock Code : 4245 (HKGB 0.36 2404)
  Tender Date and Time : October 21, 2021 (Thursday)
9.30 am to 10.30 am
  Issue and Settlement Date for Tender Amount
  : October 22, 2021 (Friday) Amount on Offer
  : HK$4.0 billion Maturity
  : 3 years Remaining Maturity : Approximately 2.48 years
  Maturity Date : April 15, 2024
  Interest Rate : 0.36 per cent p.a. payable semi-annually in arrears
  Interest Payment Dates  :
April 19, 2022
October 17, 2022
April 17, 2023
October 16, 2023
April 15, 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 (October 22, 2021) for the tender amount is HK$3.45 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 03GB2404 (Stock code: 4245) 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
-0.656 102.55 0.344 100.04
-0.606 102.42 0.394 99.92
-0.556 102.29 0.444 99.79
-0.506 102.17 0.494 99.67
-0.456 102.04 0.544 99.55
-0.406 101.91 0.594 99.43
-0.356 101.79 0.644 99.30
-0.306 101.66 0.694 99.18
-0.256 101.53 0.744 99.06
-0.206 101.41 0.794 98.94
-0.156 101.28 0.844 98.82
-0.106 101.16 0.894 98.70
-0.056 101.03 0.944 98.58
-0.006 100.91 0.994 98.46
0.044 100.78 1.044 98.34
0.094 100.66 1.094 98.22
0.144 100.53 1.144 98.10
0.194 100.41 1.194 97.98
0.244 100.29 1.244 97.86
0.294 100.16 1.294 97.74
0.344 100.04 1.344 97.62

 
* 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.