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HKMA to Hold Tender for HK$1.5 Billion HONIA-indexed Floating Rate Notes

HK

HKMA to Hold Tender for HK$1.5 Billion HONIA-indexed Floating Rate Notes
HK

HK

HKMA to Hold Tender for HK$1.5 Billion HONIA-indexed Floating Rate Notes

2024-08-05 16:30 Last Updated At:08-06 00:22

Tender of one-year HONIA-indexed Floating Rate Notes under Institutional Bond Issuance Programme to be held on August 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 (August 5) that a tender of one-year HONIA-indexed Floating Rate Notes (Notes) under the Institutional Bond Issuance Programme will be held on Wednesday, August 14, 2024, for settlement on Thursday, August 15, 2024.

A total of HK$1.5 billion one-year Notes will be tendered. The Notes will mature on August 15, 2025 and will carry interest indexed to the Hong Kong Dollar Overnight Index Average (HONIA), payable quarterly 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 Notes on offer can do so through any of the Primary Dealers on the current 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 HK$50,000 or integral multiples thereof.

Tender results will be published on the HKMA’s website, the Hong Kong Government Bonds website, the Refinitiv 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 one-year HONIA-indexed Floating Rate Notes under the Institutional Bond Issuance Programme:

Issue Number

:

01GH2508

Stock Code

:

4282 (HKGB FRN 2508)

Tender Date and Time

:

Wednesday, August 14, 2024

9.30am to 10.30am

Issue and Settlement Date for Tender Amount

:

Thursday, August 15, 2024

Amount on Offer

:

HK$1.5 billion

Issue Price

:

At par

Maturity

:

1 year

Maturity Date

:

August 15, 2025

Interest Rate

:

Indexed to the sum of the annualised compounded average of daily HONIA in each interest period and the highest accepted spread at tender, subject to a minimum of 0 per cent per interest period. Details on calculation of interest rate are available at the Information Memorandum on the Hong Kong Government Bonds website at www.hkgb.gov.hk.

Interest Period End Dates

:

November 15, 2024

February 17, 2025

May 15, 2025

August 15, 2025

Interest Payment Dates

:

November 19, 2024

February 19, 2025

May 19, 2025

August 19, 2025

Method of Tender

:

Competitive tender

Tender Amount

:

Each competitive tender must be for an amount of HK$50,000 orintegral multiples thereof. Any tender applications for the Notes must be submitted through a Primary Dealer on the current published list.

Other Details

:

Please see Information Memorandum available on the Hong Kong Government Bonds website at www.hkgb.gov.hk or approach Primary Dealers.

Expected Listing Date

:

August 16, 2024

Source: AI-generated images

Source: AI-generated images

Hong Kong Customs detects three cases involving possession and trafficking of suspected "space oil drug" and other dangerous drugs by passengers

Hong Kong Customs yesterday (January 21) detected three cases involving possession and trafficking of suspected etomidate (the main ingredient of "space oil drug"), a kind of Part 1 poison under the Pharmacy and Poisons Regulations, and suspected dangerous drugs by outgoing passengers at the Lo Wu Control Point, the West Kowloon Station of the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL) and the Lok Ma Chau Control Point. A total of four suspected "space oil drug" capsules, one vape stick containing suspected "space oil drug", 1.4 grams of suspected ketamine and 12.63 grams of suspected cocaine were seized.

The first case involved a local male passenger, aged 40, who went to the Mainland via the Lo Wu Control Point yesterday. During customs clearance, two suspected "space oil drug" capsules were found in his briefcase and 1.4g of suspected ketamine was found inside the underpants the man was wearing. He was subsequently arrested.

The second case involved a 23-year-old Mainland female passenger. The woman departed for the Mainland via the West Kowloon Station of the XRL yesterday. During customs clearance, one vape stick containing suspected "space oil drug" was found. She was then arrested.

The third case involved a local female passenger, aged 31, who went to the Mainland via the Lok Ma Chau Control Point yesterday. During customs clearance, two suspected "space oil drug" capsules and 12.63g of suspected cocaine were found in her handbag and underwear. She was then arrested.

The man in the first case has been released on bail pending further investigation. The arrested woman of the second case has been charged with one count of possession of Part 1 Poison and the case will be brought up at the Kowloon City Magistrates' Courts tomorrow (January 23). The arrested woman of the third case has been charged with one count of possession of Part 1 Poison and one count of trafficking in a dangerous drugs and the case will be brought up at the Fanling Magistrates' Courts tomorrow.

Under the Pharmacy and Poisons Ordinance, any person who possesses any poison included in Part 1 of the Poisons List other than in accordance with provisions commits an offence. The maximum penalty upon conviction is a fine of $100,000 and imprisonment for two years.

Under the Dangerous Drugs Ordinance, any person who possesses any dangerous drug commits an offence. The maximum penalty upon conviction is a fine of $1 million and imprisonment for seven years. Any person who traffics any dangerous drug commits an offence and the maximum penalty upon conviction is a fine of $5 million and life imprisonment.

Members of the public may report any suspected drug trafficking activities to Customs' 24-hour report hotline 182 8080 or its dedicated crime reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

Hong Kong Customs detects three cases involving possession and trafficking of suspected "space oil drug" and other dangerous drugs by passengers  Source: HKSAR Government Press Releases

Hong Kong Customs detects three cases involving possession and trafficking of suspected "space oil drug" and other dangerous drugs by passengers Source: HKSAR Government Press Releases

Hong Kong Customs detects three cases involving possession and trafficking of suspected "space oil drug" and other dangerous drugs by passengers  Source: HKSAR Government Press Releases

Hong Kong Customs detects three cases involving possession and trafficking of suspected "space oil drug" and other dangerous drugs by passengers Source: HKSAR Government Press Releases

Hong Kong Customs detects three cases involving possession and trafficking of suspected "space oil drug" and other dangerous drugs by passengers  Source: HKSAR Government Press Releases

Hong Kong Customs detects three cases involving possession and trafficking of suspected "space oil drug" and other dangerous drugs by passengers Source: HKSAR Government Press Releases

Hong Kong Customs detects three cases involving possession and trafficking of suspected "space oil drug" and other dangerous drugs by passengers  Source: HKSAR Government Press Releases

Hong Kong Customs detects three cases involving possession and trafficking of suspected "space oil drug" and other dangerous drugs by passengers Source: HKSAR Government Press Releases

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