The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (22 November) that a tender of 5-year Government Bonds (Bonds) through the re-opening of existing 10-year Government Bond issue 10GB2706 under the Institutional Bond Issuance Programme will be held on Wednesday, 1 December 2021, for settlement on Thursday, 2 December 2021.

An additional amount of HK$2.5 billion of the outstanding 10-year Bonds (issue no. 10GB2706) will be on offer. The Bonds will mature on 29 June 2027 and will carry interest at the rate of 1.25% per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on 22 November 2021 is 100.47 with an annualised yield of 1.167%.

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 https://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 Refinitiv screen (HKGBINDEX), and Bloomberg (GBHK <GO>) not later than 3:00 pm on the tender day.

Hong Kong Monetary Authority
22 November 2021


 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
_________________________________________________________________

Tender information of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:-

Issue Number

:

10GB2706 (Re-open)

Stock code

:

4235 (HKGB 1.25 2706)

Tender Date and Time

:

Wednesday, 1 December 2021

9:30 am to 10:30 am

Issue and Settlement Date for tender amount

:

Thursday, 2 December 2021

Amount on Offer

:

HK$2.5 billion

Maturity              

:

5 years

Remaining Maturity 

:

Approximately 5.58 years

Maturity Date

:

29 June 2027

Interest Rate    

:

1.25% p.a. payable semi-annually in arrears

Interest Payment Dates 

:

29 December 2021

29 June 2022

29 December 2022

29 June 2023

29 December 2023

28 June 2024

30 December 2024

30 June 2025

29 December 2025

29 June 2026

29 December 2026

29 June 2027

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 (2 December 2021) for the tender amount is HK$267.12 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 https://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 10GB2706 (Stock code: 4235) 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

0.167

106.01

1.167

100.46

0.217

105.72

1.217

100.20

0.267

105.43

1.267

99.93

0.317

105.15

1.317

99.66

0.367

104.87

1.367

99.40

0.417

104.59

1.417

99.13

0.467

104.31

1.467

98.87

0.517

104.02

1.517

98.61

0.567

103.75

1.567

98.35

0.617

103.47

1.617

98.09

0.667

103.19

1.667

97.83

0.717

102.91

1.717

97.57

0.767

102.64

1.767

97.31

0.817

102.36

1.817

97.05

0.867

102.09

1.867

96.79

0.917

101.82

1.917

96.54

0.967

101.54

1.967

96.28

1.017

101.27

2.017

96.03

1.067

101.00

2.067

95.77

1.117

100.73

2.117

95.52

1.167

100.46

2.167

95.27

 

* 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.

Hong Kong Monetary Authority
22 November 2021



Source link

Is your business effected by Cyber Crime?

If a cyber crime or cyber attack happens to you, you need to respond quickly. Cyber crime in its several formats such as online identity theft, financial fraud, stalking, bullying, hacking, e-mail fraud, email spoofing, invoice fraud, email scams, banking scam, CEO fraud. Cyber fraud can lead to major disruption and financial disasters.
Digitpol can assist with all stages of cyber related incidents.

Contact Digitpol’s hotlines or respond to us online.

ASIA +85239733884
Europe +31558448040
UK +44 20 8089 9944