Tender of 10-year Government Bonds under Institutional Bond Issuance Programme to be held on January 16

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.