The Hong Kong Monetary Authority (HKMA) announces that tender of 7-year Exchange Fund Notes will be held on Tuesday 27 May 2003 for settlement on Wednesday 28 May 2003.
An amount of HK$600 million 7-year Notes will be on offer. The Notes will mature on 28 May 2010 and will carry interest at the rate of 3.19% 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.
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
20 May 2003
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
______________________________________________________
Tender information of 7-Year Exchange Fund Notes :-
Issue Number : 7005
Stock code : 4109 (EFN 3.19 1005)
Tender Date : Tuesday, 27 May 2003
and Time 9:30 a.m. to 10:30 a.m.
Issue and Settlement : Wednesday, 28 May 2003
Date
Amount on Offer : HK$600 million
Maturity : Seven years
Maturity Date : 28 May 2010
Interest Rate : 3.19% per annum payable
semi-annually in arrears
Interest Payment Dates : 28 Nov 2003, 28 May 2004,
29 Nov 2004, 30 May 2005,
28 Nov 2005, 29 May 2006,
28 Nov 2006, 28 May 2007,
28 Nov 2007, 28 May 2008,
28 Nov 2008, 28 May 2009,
30 Nov 2009, 28 May 2010
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 : 29 May 2003
date of dealing on
the Stock Exchange
of Hong Kong
Hong Kong Monetary Authority
20 May 2003
