The Hong Kong Monetary Authority (HKMA) announces that the tender for the eighteenth issue of 5-year Exchange Fund Notes will be held on Friday 17 December 1999 for settlement on Monday 20 December 1999.
An amount of HK$600 million 5-year Notes will be on offer. The Notes will mature on 20 December 2004 and will carry interest at the rate of 6.71% 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 HKMA at 30/F, 3 Garden Road, Hong Kong (telephone 2878 8150) or from the HKMA's website at http://www.info.gov.hk/hkma. They may also submit their tender applications through brokers who are members of the Stock Exchange of Hong Kong (SEHK) 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
10 December 1999
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
_______________________________________________________________
Tender information for the eighteenth issue of 5-Year Exchange Fund Notes :-
Issue Number : 5412
Stock code : 4062 (EFN 6.71 0412)
Tender Date and Time : Friday, 17 December 1999
9:30 a.m. to 10:30 a.m.
Issue and Settlement : Monday, 20 December 1999
Date
Amount on Offer : HK$600 million
Maturity : Five years
Maturity Date : 20 December 2004
Interest Rate : 6.71% per annum payable
semi-annually in arrears
Interest Payment Dates : 20 June 2000,
20 December 2000,
20 June 2001,
20 December 2001,
20 June 2002,
20 December 2002,
20 June 2003,
22 December 2003,
21 June 2004,
20 December 2004
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 members 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 members of the
Stock Exchange of Hong Kong
Expected commencement : 21 December 1999
date of dealing on
the Stock Exchange
of Hong Kong
Hong Kong Monetary Authority
10 December 1999
