The Hong Kong Monetary Authority (HKMA) announces that tender of 10-year Exchange Fund Notes will be held on Tuesday 21 June 2005 for settlement on Wednesday 22 June 2005.
An amount of HK$500 million 10-year Notes will be on offer solely for competitive tender. The Notes will mature on 22 June 2015 and will carry interest at the rate of 3.50% 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, the Telerate screen (9913) 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 June 2005
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
________________________________________
Tender information of 10-Year Exchange Fund Notes :-
Issue Number : 1506
Stock code : 4139 (EFN 3.50 1506)
Tender Date : Tuesday, 21 June 2005
and Time 9:30 a.m. to 10:30 a.m.
Issue and Settlement : Wednesday, 22 June 2005
Date
Amount on Offer : HK$500 million
(solely for competitive
tender)
Maturity : Ten years
Maturity Date : 22 June 2015
Interest Rate : 3.50% p.a.
Interest Payment Dates : 22 Dec 2005
22 Jun 2006
22 Dec 2006
22 Jun 2007
24 Dec 2007
23 Jun 2008
22 Dec 2008
22 Jun 2009
22 Dec 2009
22 Jun 2010
22 Dec 2010
22 Jun 2011
22 Dec 2011
22 Jun 2012
24 Dec 2012
24 Jun 2013
23 Dec 2013
23 Jun 2014
22 Dec 2014
22 Jun 2015
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 June 2005
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
2.50 108.94 3.50 100.25
2.55 108.49 3.55 99.84
2.60 108.03 3.60 99.43
2.65 107.58 3.65 99.02
2.70 107.13 3.70 98.62
2.75 106.69 3.75 98.21
2.80 106.24 3.80 97.81
2.85 105.80 3.85 97.41
2.90 105.36 3.90 97.01
2.95 104.92 3.95 96.62
3.00 104.49 4.00 96.23
3.05 104.05 4.05 95.83
3.10 103.62 4.10 95.44
3.15 103.19 4.15 95.06
3.20 102.77 4.20 94.67
3.25 102.34 4.25 94.29
3.30 101.92 4.30 93.90
3.35 101.50 4.35 93.52
3.40 101.08 4.40 93.15
3.45 100.67 4.45 92.77
3.50 100.25 4.50 92.40
* 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 June 2005
