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.
5603) will be held on Monday, 13 January 2003 for settlement on
Tuesday, 14 January 2003.
An additional amount of HK$1,200 million of the outstanding
5-year Notes (issue no. 5603) will be on offer. The Notes will
mature on 20 March 2006 and will carry interest at the rate of
5.20% per annum payable semi-annually in arrears. The Notes closed
at 108.19 with an annualized yield of 2.54% on 3 January 2003.
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
6 January 2003
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
______________________________________________________
Tender information of the reopening of 5-Year Exchange Fund Notes :-
Issue Number : 5603
Stock code : 4079 (EFN 5.20 0603)
Tender Date : Monday, 13 January 2003
and Time 9:30 a.m. to 10:30 a.m.
Issue and Settlement : Tuesday, 14 January 2003
Date for tender amount
Amount on Offer : HK$1,200 million
Maturity : 38 months
Maturity Date : 20 March 2006
Interest Rate : 5.20% per annum payable
semi-annually in arrears
Interest Payment Dates : 19 Mar 2003
19 Sept 2003
19 Mar 2004
20 Sept 2004
21 Mar 2005
19 Sept 2005
20 Mar 2006
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 (14 Jan 2003)
for the tender amount is
HK$833.42 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 5603 listed on the Stock
of Hong Kong Exchange of Hong Kong
Hong Kong Monetary Authority
6 January 2003
