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).
HKSAR Government Institutional Bond Issuance Programme Tender Information Ends/Monday, February 22, 2021
NNNN
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.
------------------------------------------------------------------------------------------
Tender information of 15-year Government Bonds under the Institutional Bond Issuance Programme:
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
Price/yield table of the Government Bonds at tender for reference* only:
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.
Issued at HKT 16:30
