The Hong Kong Monetary Authority (HKMA) announces that tender of
10-year Exchange Fund Notes will be held on Monday 1 December 2003
for settlement on Tuesday 2 December 2003.
An amount of HK$500 million 10-year Notes will be on offer
solely for competitive tender. The Notes will mature on 2 December
2013 and will carry interest at the rate of 4.32% 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),
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
20 November 2003
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
______________________________________________________
Tender information of 10-Year Exchange Fund Notes :-
Issue Number : 1312
Stock code : 4117 (EFN 4.32 1312)
Tender Date : Monday, 1 December 2003
and Time 9:30 a.m. to 10:30 a.m.
Issue and Settlement : Tuesday, 2 December 2003
Date
Amount on Offer : HK$500 million
(solely for competitive
tender)
Maturity : Ten years
Maturity Date : 2 December 2013
Interest Rate : 4.32% p.a.
Interest Payment Dates : 2 Jun 2004
2 Dec 2004
2 Jun 2005
2 Dec 2005
2 Jun 2006
4 Dec 2006
4 Jun 2007
3 Dec 2007
2 Jun 2008
2 Dec 2008
2 Jun 2009
2 Dec 2009
2 Jun 2010
2 Dec 2010
2 Jun 2011
2 Dec 2011
4 Jun 2012
3 Dec 2012
3 Jun 2013
2 Dec 2013
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 : 3 December 2003
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
3.32 108.69 4.32 100.37
3.37 108.25 4.37 99.97
3.42 107.82 4.42 99.58
3.47 107.39 4.47 99.19
3.52 106.96 4.52 98.80
3.57 106.53 4.57 98.41
3.62 106.11 4.62 98.03
3.67 105.68 4.67 97.64
3.72 105.26 4.72 97.26
3.77 104.84 4.77 96.88
3.82 104.43 4.82 96.51
3.87 104.01 4.87 96.13
3.92 103.60 4.92 95.76
3.97 103.19 4.97 95.38
4.02 102.78 5.02 95.01
4.07 102.37 5.07 94.64
4.12 101.97 5.12 94.28
4.17 101.56 5.17 93.91
4.22 101.16 5.22 93.55
4.27 100.77 5.27 93.19
4.32 100.37 5.32 92.83
* 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
20 November 2003
