The Hong Kong Monetary Authority (HKMA) announces that a tender of 7-year Exchange Fund Notes will be held on Tuesday 21 November 2006 for settlement on Wednesday 22 November 2006.
An amount of HK$600 million 7-year Notes will be on offer solely for competitive tender. The Notes will mature on 22 November 2013 and will carry interest at the rate of 3.83% 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 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 November 2006
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
______________________________________________________ Tender information of 7-Year Exchange Fund Notes :- Issue Number : 7311 Stock code : 4158 (EFN 3.83 1311) Tender Date : Tuesday, 21 November 2006 and Time 9:30 a.m. to 10:30 a.m. Issue and Settlement : Wednesday, 22 November 2006 Date Amount on Offer : HK$600 million (solely for competitive tender) Maturity : Seven years Maturity Date : 22 November 2013 Interest Rate : 3.83% p.a. Interest Payment Dates : 22 May 2007 22 Nov 2007 22 May 2008 24 Nov 2008 22 May 2009 23 Nov 2009 24 May 2010 22 Nov 2010 23 May 2011 22 Nov 2011 22 May 2012 22 Nov 2012 22 May 2013 22 Nov 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 : 23 November 2006 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 2.83 106.44 3.83 100.22 2.88 106.12 3.88 99.92 2.93 105.80 3.93 99.62 2.98 105.48 3.98 99.33 3.03 105.16 4.03 99.03 3.08 104.84 4.08 98.74 3.13 104.52 4.13 98.44 3.18 104.21 4.18 98.15 3.23 103.90 4.23 97.86 3.28 103.58 4.28 97.57 3.33 103.27 4.33 97.28 3.38 102.96 4.38 96.99 3.43 102.65 4.43 96.70 3.48 102.34 4.48 96.42 3.53 102.04 4.53 96.13 3.58 101.73 4.58 95.85 3.63 101.43 4.63 95.57 3.68 101.12 4.68 95.28 3.73 100.82 4.73 95.00 3.78 100.52 4.78 94.72 3.83 100.22 4.83 94.44 * 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 November 2006