Hong Kong – Tender for re-opening of 15-year Government Bonds under Institutional Bond Issuance Programme to be held on September 8
Tender for re-opening of 15-year Government Bonds under Institutional Bond Issuance Programme to be held on September 8
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 (August 30) that a tender of 15-year Government Bonds (Bonds) through the re-opening of existing 15-year Government Bond issue 15GB3603 under the Institutional Bond Issuance Programme will be held on September 8 (Wednesday), for settlement on September 9 (Thursday).
An additional amount of HK$1.0 billion of the outstanding 15-year Bonds (issue number 15GB3603) will be on offer. 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. The Indicative Pricings of the Bonds on August 30 is 102.91 with an annualised yield of 1.374 per cent.
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
HKSAR Government Institutional Bond Issuance Programme Tender Information
Tender information of re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme:
4244 (HKGB 1.59 3603)
|Tender Date and Time||:||
September 8, 2021 (Wednesday)
9.30 am to 10.30 am
Issue and Settlement Date for tender amount
||:||September 9, 2021 (Thursday)|
Amount on Offer
Approximately 14.49 years
March 4, 2036
1.59 per cent p.a. payable semi-annually in arrears
|Interest Payment Dates||:||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||:||
|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 (September 9, 2021) for the tender amount is HK$6.53 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).
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
|:||The tender amount is fully fungible with the existing 15GB3603 (Stock code: 4244) listed on the Stock Exchange of Hong Kong.|
Price/Yield Table of the re-opening Government Bonds at tender for reference* only:
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.