Tender of 2-year RMB HKSAR Institutional Government Bonds to be held on November 14
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), announced today (November 8) that a tender of 2-year RMB Institutional Government Bonds (Bonds) under the Infrastructure Bond Programme will be held on November 14, 2024 (Thursday), for settlement on November 18, 2024 (Monday).
A total of RMB1.0 billion 2-year RMB Bonds will be tendered. The Bonds will mature on November 18, 2026 and will carry interest at the rate of 2.04 per cent per annum payable semi-annually in arrear.
Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk. Each tender must be for an amount of RMB50,000 or integral multiples thereof.
Tender results will be published on the HKMA's website, the Hong Kong Government Bonds website, Bloomberg (GBHK <GO>) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3pm on the tender day.
HKSAR Institutional Government Bonds tender information
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Tender information of 2-year RMB HKSAR Institutional Government Bonds:
Issue Number |
: |
02GB2611001 |
Stock Code |
: |
84585 (HKGB2.04 2611-R) |
Tender Date and Time |
: |
Thursday, November 14, 2024
9.30am to 10.30am |
Issue and Settlement Date |
: |
Monday, November 18, 2024 |
Amount on Offer |
: |
RMB1.0 billion |
Maturity |
: |
2 years |
Maturity Date |
: |
Wednesday, November 18, 2026 |
Interest Rate |
: |
2.04 per cent p.a. payable semi-annually in arrear |
Interest Payment Dates |
: |
May 18 and November 18 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website. |
Method of Tender |
: |
Competitive tender |
Tender Amount |
: |
Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the latest published list. |
Other Details |
: |
Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers. |
Expected commencement date of dealing on
the Stock Exchange
of Hong Kong Limited |
: |
Tuesday, November 19, 2024 |
Use of Proceeds |
: |
The Bonds will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website. |
Health Bureau responds to commencement of recruitment of Chief Executive by Hospital Authority
In respect of the Hospital Authority (HA) initiating the process to recruit a Chief Executive to succeed Dr Tony Ko, who has indicated that he will not seek continued employment after the term of his contract ends in July this year, the Secretary for Health, Professor Lo Chung-mau, expressed today (January 23) his high recognition of and gratitude to Dr Ko for his contributions to the public healthcare system.
Professor Lo said, "I deeply appreciate the contributions made by Dr Tony Ko to the development of the public healthcare system over the past six years in his capacity as the Chief Executive of the HA. During this period, the HA faced numerous major challenges, especially the COVID-19 epidemic, which put tremendous and unprecedented pressure on the public healthcare system. Dr Ko did his utmost to lead the HA in its response to the challenges brought about by every wave of the epidemic, guiding staff of the HA to serve the community in concerted efforts. His work is highly commendable.
"Dr Ko has also stepped up efforts to enhance the management and efficiency of the public healthcare system, raising the quality, safety and effectiveness of the HA's services, and has supported multiple government policies and explored more collaboration opportunities in healthcare with the Mainland and the rest of the world while improving services so that Hong Kong can give better play to its unique role and contribute to the healthcare development of the country. Dr Ko has made great contributions to the public healthcare system. I wish him every success in his future endeavours after leaving the post of Chief Executive of the HA."
