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Published on 4/19/2023 in the Prospect News Emerging Markets Daily.

New Issue: Hong Kong Monetary Authority reopens bonds due 2026 for HK$5 billion

By Mary-Katherine Stinson

Lexington, Ky., April 19 – Hong Kong Monetary Authority reopened a 10-year government bond, pricing an additional HK$5 billion of the 1.68% bonds, according to a notice.

There are 2.74 years left until the Jan. 21, 2026 maturity date.

The indicative pricing of the bonds on April 19 is 95.79 with an annualized yield of 3.322%.

The bonds will be sold through competitive tender. Investors who wish to subscribe must contact primary dealers. A list is maintained on Hong Kong’s website (http://www.hkgb.gov.hk).

Each tender must be for an amount of HK$50,000 or integral multiples.

Tender results will be published on April 26.

Settlement is planned for April 27.

Issuer:Hong Kong Monetary Authority
Amount:HK$5 billion
Issue:Government bond
Maturity:Jan. 21, 2026
Coupon:1.68%
Price:95.79
Yield:3.322%
Announcement date:April 19
Settlement date:April 27

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