The Hong Kong Monetary Authority (HKMA) announces that a tender
of 7-year Exchange Fund Notes will be held on Monday 21 August 2006
for settlement on Tuesday 22 August 2006.
An amount of HK$600 million 7-year Notes will be on offer solely
for competitive tender. The Notes will mature on 22 August 2013 and
will carry interest at the rate of 4.40% 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 August 2006
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
______________________________________________________
Tender information of 7-Year Exchange Fund Notes :-
Issue Number : 7308
Stock code : 4155 (EFN 4.40 1308)
Tender Date : Monday, 21 August 2006
and Time 9:30 a.m. to 10:30 a.m.
Issue and Settlement : Tuesday, 22 August 2006
Date
Amount on Offer : HK$600 million
(solely for competitive
tender)
Maturity : Seven years
Maturity Date : 22 August 2013
Interest Rate : 4.40% p.a.
Interest Payment Dates : 22 Feb 2007
22 Aug 2007
22 Feb 2008
22 Aug 2008
23 Feb 2009
24 Aug 2009
22 Feb 2010
23 Aug 2010
22 Feb 2011
22 Aug 2011
22 Feb 2012
22 Aug 2012
22 Feb 2013
22 Aug 2013
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 August 2006
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
3.40 106.37 4.40 100.28
3.45 106.05 4.45 99.99
3.50 105.74 4.50 99.70
3.55 105.42 4.55 99.41
3.60 105.11 4.60 99.12
3.65 104.80 4.65 98.83
3.70 104.49 4.70 98.54
3.75 104.19 4.75 98.26
3.80 103.88 4.80 97.97
3.85 103.57 4.85 97.69
3.90 103.27 4.90 97.41
3.95 102.96 4.95 97.12
4.00 102.66 5.00 96.84
4.05 102.36 5.05 96.56
4.10 102.06 5.10 96.28
4.15 101.76 5.15 96.01
4.20 101.46 5.20 95.73
4.25 101.17 5.25 95.45
4.30 100.87 5.30 95.18
4.35 100.58 5.35 94.90
4.40 100.28 5.40 94.63
* 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 August 2006
