The Hong Kong Monetary Authority (HKMA) announces that tender of 5-year Exchange Fund Notes will be held on Friday 13 June 2003 for settlement on Monday 16 June 2003.
An amount of HK$600 million 5-year Notes will be on offer. The Notes will mature on 16 June 2008 and will carry interest at the rate of 2.47% 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
6 June 2003
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
______________________________________________________ Tender information of 5-Year Exchange Fund Notes :- Issue Number : 5806 Stock code : 4111 (EFN 2.47 0806) Tender Date : Friday, 13 June 2003 and Time 9:30 a.m. to 10:30 a.m. Issue and Settlement : Monday, 16 June 2003 Date Amount on Offer : HK$600 million Maturity : Five years Maturity Date : 16 June 2008 Interest Rate : 2.47% per annum payable semi-annually in arrears Interest Payment Dates : 16 Dec 2003 16 Jun 2004 16 Dec 2004 16 Jun 2005 16 Dec 2005 16 Jun 2006 18 Dec 2006 18 Jun 2007 17 Dec 2007 16 Jun 2008 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 : 17 June 2003 date of dealing on the Stock Exchange of Hong Kong Hong Kong Monetary Authority 6 June 2003