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 (January 7) that a tender of 10-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on January 16 (Wednesday), for settlement on January 17 (Thursday).
A total of HK$1.5 billion 10-year Bonds will be tendered. The Bonds will mature on January 17, 2029 and will carry interest at the rate of 1.97% 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, 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 10-year Government Bonds under the Institutional Bond Issuance Programme:
| Issue Number | : | 10GB2901 |
| Stock code | : | 4236 (HKGB 1.97 2901) |
| Tender Date and Time | : | January 16, 2019 (Wednesday) 9.30am to 10.30am |
| Issue and Settlement Date |
: | January 17, 2019 (Thursday) |
| Amount on Offer |
: | HK$1.5 billion |
| Maturity |
: | Ten years |
| Maturity Date | : | January 17, 2029 |
| Interest Rate | : | 1.97% p.a., payable semi-annually in arrears |
| Interest Payment Dates | : | July 17, 2019 January 17, 2020 July 17, 2020 January 18, 2021 July 19, 2021 January 17, 2022 July 18, 2022 January 17, 2023 July 17, 2023 January 17, 2024 July 17, 2024 January 17, 2025 July 17, 2025 January 19, 2026 July 17, 2026 January 18, 2027 July 19, 2027 January 17, 2028 July 17, 2028 January 17, 2029 |
| 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 |
: | January 18, 2019 |
Price/Yield Table of the new Government Bonds at tender for reference* only:
| Yield-to-Maturity | Price | Yield-to-Maturity | Price |
| 0.970 | 109.53 | 1.970 | 100.09 |
| 1.020 | 109.04 | 2.020 | 99.64 |
| 1.070 | 108.54 | 2.070 | 99.20 |
| 1.120 | 108.05 | 2.120 | 98.75 |
| 1.170 | 107.56 | 2.170 | 98.31 |
| 1.220 | 107.08 | 2.220 | 97.88 |
| 1.270 | 106.59 | 2.270 | 97.44 |
| 1.320 | 106.11 | 2.320 | 97.01 |
| 1.370 | 105.63 | 2.370 | 96.58 |
| 1.420 | 105.16 | 2.420 | 96.15 |
| 1.470 | 104.69 | 2.470 | 95.72 |
| 1.520 | 104.21 | 2.520 | 95.30 |
| 1.570 | 103.75 | 2.570 | 94.88 |
| 1.620 | 103.28 | 2.620 | 94.46 |
| 1.670 | 102.82 | 2.670 | 94.04 |
| 1.720 | 102.36 | 2.720 | 93.63 |
| 1.770 | 101.90 | 2.770 | 93.21 |
| 1.820 | 101.44 | 2.820 | 92.80 |
| 1.870 | 100.99 | 2.870 | 92.39 |
| 1.920 | 100.54 | 2.920 | 91.99 |
| 1.970 | 100.09 | 2.970 | 91.58 |
* 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.
Follow this news feed: East Asia