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The Hong Kong Monetary Authority (HKMA) announces that a tender of Exchange Fund Notes with a maturity of 36 months through the reopening of existing 5-year Exchange Fund Notes (issue no. 5909) will be held on Friday (September 15, 2006) for settlement on Monday (September 18, 2006).
An additional amount of HK$1,200 million of the outstanding 5-year Notes (issue no. 5909) will be on offer. The Notes will mature on September 28, 2009 and carry interest at the rate of 3.18% per annum payable semi-annually in arrears. The Notes closed at 97.98 with an annualised yield of 3.92% on September 4, 2006.
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 no.: 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
September 6, 2006
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
______________________________________________________
Tender information of the reopening of 5-Year Exchange Fund Notes :-
Issue Number : 5909
Stock code : 4128 (EFN 3.18 0909)
Tender Date : Friday,
and Time September 15, 2006
9.30am to 10.30am
Issue and Settlement : Monday,
Date for tender amount September 18, 2006
Amount on Offer : HK$1,200 million
(solely for
competitive
tender)
Maturity : 36 months
Maturity Date : September 28, 2009
Interest Rate : 3.18% per annum
payable semi-annually
in arrears
Interest Payment Dates : September 27, 2006
March 27, 2007
September 27, 2007
March 27, 2008
September 29, 2008
March 27, 2009
September 28, 2009
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
(September 18, 2006)
for the tender amount
is HK$762.33 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
date of dealing on fully fungible with
the Stock Exchange the existing EFN 5909
of Hong Kong listed on the Stock
Exchange of Hong Kong
Hong Kong Monetary Authority
6 September 2006
Price/Yield Table of the reopening of EFN at tender for reference* only :-
Yield-to Price Yield-to Price
-Maturity -Maturity
2.92 100.81 3.92 98.01
2.97 100.67 3.97 97.88
3.02 100.52 4.02 97.74
3.07 100.38 4.07 97.60
3.12 100.24 4.12 97.47
3.17 100.10 4.17 97.33
3.22 99.96 4.22 97.20
3.27 99.82 4.27 97.06
3.32 99.68 4.32 96.93
3.37 99.54 4.37 96.79
3.42 99.40 4.42 96.66
3.47 99.26 4.47 96.52
3.52 99.12 4.52 96.39
3.57 98.98 4.57 96.25
3.62 98.84 4.62 96.12
3.67 98.70 4.67 95.99
3.72 98.56 4.72 95.86
3.77 98.43 4.77 95.72
3.82 98.29 4.82 95.59
3.87 98.15 4.87 95.46
3.92 98.01 4.92 95.33
* 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.
Ends/Wednesday, September 6, 2006
Issued at HKT 16:32
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