The Hong Kong Monetary Authority (HKMA) announces that tender of 10-year Exchange Fund Notes will be held on Tuesday 21 June 2005 for settlement on Wednesday 22 June 2005.
An amount of HK$500 million 10-year Notes will be on offer solely for competitive tender. The Notes will mature on 22 June 2015 and will carry interest at the rate of 3.50% 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 55/F, Two International Finance Centre, 8 Finance Street, Central, 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 HKMA's website, the Reuters screen (HKMAOOE), Bloomberg, the Telerate screen (9913) 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
10 June 2005
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
Tender information of 10-Year Exchange Fund Notes :- Issue Number : 1506 Stock code : 4139 (EFN 3.50 1506) Tender Date : Tuesday, 21 June 2005 and Time 9:30 a.m. to 10:30 a.m. Issue and Settlement : Wednesday, 22 June 2005 Date Amount on Offer : HK$500 million (solely for competitive tender) Maturity : Ten years Maturity Date : 22 June 2015 Interest Rate : 3.50% p.a. Interest Payment Dates : 22 Dec 2005 22 Jun 2006 22 Dec 2006 22 Jun 2007 24 Dec 2007 23 Jun 2008 22 Dec 2008 22 Jun 2009 22 Dec 2009 22 Jun 2010 22 Dec 2010 22 Jun 2011 22 Dec 2011 22 Jun 2012 24 Dec 2012 24 Jun 2013 23 Dec 2013 23 Jun 2014 22 Dec 2014 22 Jun 2015 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 : 23 June 2005 date of dealing on the Stock Exchange of Hong Kong Price/Yield Table of the new EFN at tender for reference* only :- Yield-to-Maturity Price Yield-to-Maturity Price 2.50 108.94 3.50 100.25 2.55 108.49 3.55 99.84 2.60 108.03 3.60 99.43 2.65 107.58 3.65 99.02 2.70 107.13 3.70 98.62 2.75 106.69 3.75 98.21 2.80 106.24 3.80 97.81 2.85 105.80 3.85 97.41 2.90 105.36 3.90 97.01 2.95 104.92 3.95 96.62 3.00 104.49 4.00 96.23 3.05 104.05 4.05 95.83 3.10 103.62 4.10 95.44 3.15 103.19 4.15 95.06 3.20 102.77 4.20 94.67 3.25 102.34 4.25 94.29 3.30 101.92 4.30 93.90 3.35 101.50 4.35 93.52 3.40 101.08 4.40 93.15 3.45 100.67 4.45 92.77 3.50 100.25 4.50 92.40 * Disclaimer 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. Hong Kong Monetary Authority 10 June 2005