Tender of 15-year Government Bonds under Institutional Bond Issuance Programme to be held on March 3

1 week ago 4

Tender of 15-year Government Bonds under Institutional Bond Issuance Programme to be held on March 3

******************************************************************************************

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 22) that a tender of 15-year Government Bonds (Bonds) under the Institutional Bond Issuance Programme will be held on March 3 (Wednesday), for settlement on March 4 (Thursday).
 
     A total of HK$1.0 billion 15-year Bonds will be tendered. The Bonds will mature on March 4, 2036 and will carry interest at the rate of 1.59 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, the 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:
 

 
     Price/yield table of the Government Bonds at tender for reference* only:
 
Issue number : 15GB3603
 
Stock code : 4244 (HKGB 1.59 3603)
 
Tender date and time : March 3, 2021 (Wednesday)
9.30am to 10.30am
 
Issue and settlement date for tender amount
 
: March 4, 2021 (Thursday)
Amount on offer
 
: HK$1.0 billion
Maturity              
 
: 15 years
Maturity date : March 4, 2036
 
Interest rate     : 1.59 per cent p.a. payable semi-annually in arrears
 
Interest payment dates  :
September 6, 2021
March 4, 2022
September 5, 2022
March 6, 2023
September 4, 2023
March 4, 2024
September 4, 2024
March 4, 2025
September 4, 2025
March 4, 2026
September 4, 2026
March 4, 2027
September 6, 2027
March 6, 2028
September 4, 2028
March 5, 2029
September 4, 2029
March 4, 2030
September 4, 2030
March 4, 2031
September 4, 2031
March 4, 2032
September 6, 2032
March 4, 2033
September 5, 2033
March 6, 2034
September 4, 2034
March 5, 2035
September 4, 2035
March 4, 2036
 
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 5, 2021
Yield-to-Maturity Price Yield-to-Maturity Price
0.590 114.35 1.590 100.08
0.640 113.58 1.640 99.43
0.690 112.82 1.690 98.77
0.740 112.07 1.740 98.12
0.790 111.32 1.790 97.48
0.840 110.58 1.840 96.84
0.890 109.84 1.890 96.21
0.940 109.11 1.940 95.58
0.990 108.38 1.990 94.96
1.040 107.66 2.040 94.34
1.090 106.94 2.090 93.72
1.140 106.23 2.140 93.11
1.190 105.53 2.190 92.51
1.240 104.83 2.240 91.91
1.290 104.14 2.290 91.31
1.340 103.45 2.340 90.72
1.390 102.77 2.390 90.13
1.440 102.09 2.440 89.55
1.490 101.41 2.490 88.97
1.540 100.75 2.540 88.40
1.590 100.08 2.590 87.83
 
*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.

Ends/Monday, February 22, 2021
Issued at HKT 16:30

NNNN

Read Entire Article