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 3-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on Wednesday, 21 October 2020, for settlement on Thursday, 22 October 2020.
A total of HK$4.0 billion 3-year Bonds will be tendered. The Bonds will mature on 23 October 2023 and will carry interest at the rate of 0.51% 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 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
12 October 2020
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
TENDER INFORMATION
_________________________________________________________________
Tender information of 3-year Government Bonds under the Institutional Bond Issuance Programme:-
|
Issue Number |
: |
03GB2310 |
|---|---|---|
|
Stock code |
: |
4240 (HKGB 0.51 2310) |
|
Tender Date and Time |
: |
Wednesday, 21 October 2020 9:30 am to 10:30 am |
|
Issue and Settlement Date for tender amount |
: |
Thursday, 22 October 2020 |
|
Amount on Offer |
: |
HK$4.0 billion |
|
Maturity |
: |
3 years |
|
Maturity Date |
: |
23 October 2023 |
|
Interest Rate |
: |
0.51% p.a. payable semi-annually in arrears |
|
Interest Payment Dates |
: |
22 April 2021 22 October 2021 22 April 2022 24 October 2022 24 April 2023 23 October 2023 |
|
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 https://www.hkgb.gov.hk or approach Primary Dealers. |
|
Expected commencement date of dealing on |
: |
23 October 2020 |
Price/Yield Table of the re-opening Government Bonds at tender for reference* only:-
|
Yield-to-Maturity |
Price |
Yield-to-Maturity |
Price |
|
-0.490 |
103.03 |
0.510 |
100.00 |
|
-0.440 |
102.87 |
0.560 |
99.85 |
|
-0.390 |
102.72 |
0.610 |
99.71 |
|
-0.340 |
102.57 |
0.660 |
99.56 |
|
-0.290 |
102.41 |
0.710 |
99.41 |
|
-0.240 |
102.26 |
0.760 |
99.26 |
|
-0.190 |
102.11 |
0.810 |
99.12 |
|
-0.140 |
101.96 |
0.860 |
98.97 |
|
-0.090 |
101.80 |
0.910 |
98.82 |
|
-0.040 |
101.65 |
0.960 |
98.68 |
|
0.010 |
101.50 |
1.010 |
98.53 |
|
0.060 |
101.35 |
1.060 |
98.39 |
|
0.110 |
101.20 |
1.110 |
98.24 |
|
0.160 |
101.05 |
1.160 |
98.10 |
|
0.210 |
100.90 |
1.210 |
97.95 |
|
0.260 |
100.75 |
1.260 |
97.81 |
|
0.310 |
100.60 |
1.310 |
97.67 |
|
0.360 |
100.45 |
1.360 |
97.52 |
|
0.410 |
100.30 |
1.410 |
97.38 |
|
0.460 |
100.15 |
1.460 |
97.24 |
|
0.510 |
100.00 |
1.510 |
97.09 |
* 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
12 October 2020
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