Category Fraud Alerts HK

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Monday) that a tender of 10-year Government Bonds (Bonds) through the re-opening of existing 15-year Government Bond issue 15GB3007 under the Institutional Bond Issuance Programme will be held on Wednesday, 3 February 2021, for settlement on Thursday, 4 February 2021.

An additional amount of HK$1.7 billion of the outstanding 15-year Bonds (issue no. 15GB3007) will be on offer. The Bonds will mature on 16 July 2030 and will carry interest at the rate of 2.13% per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on 25 January 2021 is 112.24 with an annualised yield of 0.789%.

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

Hong Kong Monetary Authority
25 January 2021


 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
_________________________________________________________________

Tender information of re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme:-

Issue Number

:

15GB3007 (Re-open)

Stock code

:

4227 (HKGB 2.13 3007)

Tender Date and Time

:

Wednesday, 3 February 2021

9:30 am to 10:30 am

Issue and Settlement Date for tender amount

:

Thursday, 4 February 2021

Amount on Offer

:

HK$1.7 billion

Maturity              

:

10 years

Remaining Maturity 

:

Approximately 9.45 years

Maturity Date

:

16 July 2030

Interest Rate    

:

2.13% p.a. payable semi-annually in arrears

Interest Payment Dates 

:

16 July 2021

17 January 2022

18 July 2022

16 January 2023

17 July 2023

16 January 2024

16 July 2024

16 January 2025

16 July 2025

16 January 2026

16 July 2026

18 January 2027

16 July 2027

17 January 2028

17 July 2028

16 January 2029

16 July 2029

16 January 2030

16 July 2030

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 (4 February 2021) for the tender amount is HK$49.60 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 15GB3007 (Stock code: 4227) 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

-0.211

122.35

0.789

112.20 

-0.161

121.82

0.839

111.72

-0.111

121.29

0.889

111.24

-0.061

120.76

0.939

110.76

-0.011

120.24

0.989

110.29

0.039

119.72

1.039

109.82

0.089

119.20

1.089

109.35

0.139

118.68

1.139

108.88

0.189

118.17

1.189

108.42

0.239

117.66

1.239

107.96

0.289

117.15

1.289

107.50

0.339

116.64

1.339

107.04

0.389

116.14

1.389

106.58

0.439

115.64

1.439

106.13

0.489

115.14

1.489

105.68

0.539

114.64

1.539

105.23

0.589

114.15

1.589

104.78

0.639

113.66

1.639

104.34

0.689

113.17

1.689

103.90

0.739

112.68

1.739

103.46

0.789

112.20

1.789

103.02

 

* 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
25 January 2021

[ad_2]

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. Contact Digitpol’s hotlines or respond to us online.

Digitpol is available 24/7.

Email: info@digitpol.com
ASIA +85239733884
Europe +31558448040
UK +44 20 8089 9944