The Hong Kong Monetary Authority (HKMA) announces that the
tender of Exchange Fund Notes with a maturity of 38 months through
the reopening of existing 5-year Exchange Fund Notes (issue no.
5512) will be held on Friday, 11 October 2002 for settlement on
Tuesday, 15 October 2002.
An additional amount of HK$1,200 million of the outstanding
5-year Notes (issue no. 5512) will be on offer. The Notes will
mature on 19 December 2005 and will carry interest at the rate of
6.03% 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.
Successful bidders of the reopened issue have to pay to the HKMA
the respective bid price plus an amount equal to the interest
accrued from the last coupon payment date to the allotment date of
the reopened issue.
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
4 October 2002
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
__________________________
Tender information of the reopening of 5-Year Exchange Fund Notes :-
Issue Number : 5512
Stock code : 4076 (EFN 6.03 0512)
Tender Date : Friday, 11 October 2002
and Time 9:30 a.m. to 10:30 a.m.
Issue and Settlement : Tuesday, 15 October 2002
Date for tender amount
Amount on Offer : HK$1,200 million
Maturity : 38 months
Maturity Date : 19 December 2005
Interest Rate : 6.03% per annum payable
semi-annually in arrears
Interest Payment Dates : 19 Dec 2002,
19 Jun 2003,
19 Dec 2003,
21 Jun 2004,
20 Dec 2004,
20 Jun 2005,
19 Dec 2005
Tender Amount : Each tender must be for
an amount of HK$50,000 or
integral multiples thereof.
The accrued interest to be
paid by successful bidders on
the issue date (15 Oct 2002)
for the tender amount is
HK$974.71 per minimum
denomination of HK$50,000.
(The accrued interest to be
paid for tender amount
exceeding HK$50,000 may not
be exactly equal to the
figures calculated from the
accrued interest per minimum
denomination of HK$50,000,
due to rounding error).
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 : The tender amount is fully
date of dealing on fungible with the existing
the Stock Exchange EFN 5512 listed on the Stock
of Hong Kong Exchange of Hong Kong
Hong Kong Monetary Authority
4 October 2002
