The Hong Kong Monetary Authority (HKMA) announces that tender of 7-year Exchange Fund Notes will be held on Wednesday 26 February 2003 for settlement on Thursday 27 February 2003.
An amount of HK$600 million 7-year Notes will be on offer. The Notes will mature on 26 February 2010 and will carry interest at the rate of 3.80% per annum payable semi-annually in arrears.
Members of the public who wish to tender for the Notes may do so through any of the Market Makers or Recognised Dealers on the published list, which can be obtained from the HKMA at 30/F, 3 Garden Road, Hong Kong (telephone 2878 1465), or from the HKMA's website at http://www.hkma.gov.hk. They may also submit their tender applications through brokers who are Exchange Participants of the Stock Exchange of Hong Kong via Hong Kong Securities Clearing Company Limited (HKSCC) or, for those who hold Investor Accounts at HKSCC, directly through HKSCC. HKSCC will collect tender applications from its participants and submit them to the HKMA for processing. Each tender must be for an amount of HK$50,000 or integral multiples thereof.
The tender results will be published on the Reuters screen (HKMAOOE), Bloomberg, the Telerate screen (9913), the Bridge News screen and CCASS terminal for CCASS Broker/Custodian/Participants. CCASS Investor Participants can also enquire about the tender results through the CCASS Phone System.
Hong Kong Monetary Authority
19 February 2003
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
______________________________________________________ Tender information of 7-Year Exchange Fund Notes :- Issue Number : 7002 Stock code : 4106 (EFN 3.80 1002) Tender Date : Wednesday, 26 February 2003 and Time 9:30 a.m. to 10:30 a.m. Issue and Settlement : Thursday, 27 February 2003 Date Amount on Offer : HK$600 million Maturity : Seven years Maturity Date : 26 February 2010 Interest Rate : 3.80% per annum payable semi-annually in arrears Interest Payment Dates : 27 Aug 2003, 27 Feb 2004, 27 Aug 2004, 28 Feb 2005, 29 Aug 2005, 27 Feb 2006, 28 Aug 2006, 27 Feb 2007, 27 Aug 2007, 27 Feb 2008, 27 Aug 2008, 27 Feb 2009, 27 Aug 2009, 26 Feb 2010 Tender Amount : Each tender must be for an amount of HK$50,000 or integral multiples thereof. Members of the public who wish to tender for the Notes may approach Market Makers or Recognised Dealers on the published list, Hong Kong Securities Clearing Company Limited, or brokers who are Exchange Participants of the Stock Exchange of Hong Kong Other details : Please see Information Memorandum published or approach Market Makers, Recognised Dealers, Hong Kong Securities Clearing Company Limited, or brokers who are Exchange Participants of the Stock Exchange of Hong Kong Expected commencement : 28 February 2003 date of dealing on the Stock Exchange of Hong Kong Hong Kong Monetary Authority 19 February 2003