Tender of 3-year RMB HKSAR Institutional Government Bonds to be held on October 24
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), announced today (October 21) that a tender of 3-year RMB Institutional Government Bonds (Bonds) under the Infrastructure Bond Programme will be held on Thursday, October 24, 2024, for settlement on Monday, October 28, 2024.
A total of RMB1.0 billion 3-year RMB Bonds will be tendered. The Bonds will mature on October 28, 2027 and will carry interest at the rate of 2.13 per cent per annum payable semi-annually in arrear.
Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk. Each tender must be for an amount of RMB50,000 or integral multiples thereof.
Tender results will be published on the HKMA's website, the Hong Kong Government Bonds website, Bloomberg (GBHK <GO>) and Refinitiv (HKGBINDEX). The publication time is expected to be no later than 3pm on the tender day.
HKSAR Institutional Government Bonds tender information
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Tender information of 3-year RMB HKSAR Institutional Government Bonds:
| Issue Number | : | 03GB2710002 |
| Stock Code | : | 84574 (HKGB 2.13 2710-R) |
| Tender Date and Time | : | Thursday, October 24, 2024 9.30am to 10.30am |
| Issue and Settlement Date | : | Monday, October 28, 2024 |
| Amount on Offer | : | RMB1.0 billion |
| Maturity | : | 3 years |
| Maturity Date | : | Thursday, October 28, 2027 |
| Interest Rate | : | 2.13 per cent p.a. payable semi-annually in arrear |
| Interest Payment Dates | : | April 28 and October 28 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website. |
| Method of Tender | : | Competitive tender |
| Tender Amount | : | Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the latest published list. |
| Other Details | : | Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers. |
| Expected commencement date of dealing on the Stock Exchange of Hong Kong Limited |
: | Tuesday, October 29, 2024 |
| Use of Proceeds | : | The Bonds will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website. |