Tender of 15-year Government Bonds under the Institutional Bond Issuance Programme to be held on March 6

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 (February 25) that a tender of 15-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday (March 6), for settlement on Thursday (March 7).
 
     A total of HK$0.6 billion 15-year Bonds will be tendered. The Bonds will mature on March 7, 2034 and will carry interest at the rate of 2.02 per cent 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 15-year Government Bonds under the Institutional Bond Issuance Programme:
 

Issue Number : 15GB3403
 
Stock code : 4237 (HKGB 2.02 3403)
 
Tender Date and Time : March 6, 2019 (Wednesday)
9:30 am to 10:30 am
 
Issue and Settlement Date
 
: March 7, 2019 (Thursday)
 
Amount on Offer
 
: HK$0.6 billion
Maturity              
 
: Fifteen years
Maturity Date : March 7, 2034
 
Interest Rate     : 2.02 per cent p.a., payable semi-annually in arrears
 
Interest Payment Dates  : September 9, 2019
March 9, 2020
September 7, 2020
March 8, 2021
September 7, 2021
March 7, 2022
September 7, 2022
March 7, 2023
September 7, 2023
March 7, 2024
September 9, 2024
March 7, 2025
September 8, 2025
March 9, 2026
September 7, 2026
March 8, 2027
September 7, 2027
March 7, 2028
September 7, 2028
March 7, 2029
September 7, 2029
March 7, 2030
September 9, 2030
March 7, 2031
September 8, 2031
March 8, 2032
September 7, 2032
March 7, 2033
September 7, 2033
March 7, 2034
 
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
: March 8, 2019

 
 
Price/Yield Table of the new Government Bonds at tender for reference* only :
 

Yield-to-Maturity Price Yield-to-Maturity Price
1.020 113.91 2.020 100.13
1.070 113.18 2.070 99.49
1.120 112.44 2.120 98.86
1.170 111.71 2.170 98.24
1.220 110.99 2.220 97.61
1.270 110.27 2.270 97.00
1.320 109.56 2.320 96.38
1.370 108.85 2.370 95.77
1.420 108.15 2.420 95.17
1.470 107.45 2.470 94.57
1.520 106.76 2.520 93.97
1.570 106.08 2.570 93.38
1.620 105.40 2.620 92.80
1.670 104.72 2.670 92.22
1.720 104.05 2.720 91.64
1.770 103.38 2.770 91.06
1.820 102.72 2.820 90.50
1.870 102.07 2.870 89.93
1.920 101.42 2.920 89.37
1.970 100.77 2.970 88.81
2.020 100.13 3.020 88.26

* 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.