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The Hong Kong Monetary Authority (HKMA) announces that the tender of Exchange Fund Notes with a maturity of 36 months through the reopening of existing 5-year Exchange Fund Notes (issue no. 5006) will be held on Friday, June 15, 2007 for settlement on Monday, June 18, 2007.
An additional amount of HK$1,200 million of the outstanding 5-year Notes (issue no. 5006) will be on offer. The Notes will mature on 14 June 2010 and carry interest at the rate of 3.33% per annum payable semi-annually in arrears. The Notes closed at 96.90 with an annualised yield of 4.49% on June 4, 2007.
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 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
June 6, 2007
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
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Tender information of the reopening of 5-Year Exchange Fund Notes :-
Issue Number : 5006
Stock code : 4138 (EFN 3.33 1006)
Tender Date : Friday, June 15, 2007
and Time 9.30am to 10.30am
Issue and Settlement : Monday, June 18, 2007
Date for tender amount
Amount on Offer : HK$1,200 million
(solely for competitive
tender)
Maturity : 36 months
Maturity Date : June 14, 2010
Interest Rate : 3.33% per annum payable
semi-annually in arrears
Interest Payment Dates : Dec 13, 2007
Jun 13, 2008
Dec 15, 2008
Jun 15, 2009
Dec 14, 2009
Jun 14, 2010
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 (Jun 18, 2007)
for the tender amount is
HK$22.81 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 5006 listed on the Stock
of Hong Kong Exchange of Hong Kong
Hong Kong Monetary Authority
June 6, 2007
Price/Yield Table of the reopening of EFN at tender for reference* only :-
Yield-to-Maturity Price Yield-to-Maturity Price
----------------- ----- ----------------- -----
3.49 99.63 4.49 96.92
3.54 99.50 4.54 96.79
3.59 99.36 4.59 96.66
3.64 99.22 4.64 96.52
3.69 99.08 4.69 96.39
3.74 98.95 4.74 96.26
3.79 98.81 4.79 96.13
3.84 98.67 4.84 96.00
3.89 98.54 4.89 95.87
3.94 98.40 4.94 95.74
3.99 98.27 4.99 95.60
4.04 98.13 5.04 95.47
4.09 97.99 5.09 95.34
4.14 97.86 5.14 95.21
4.19 97.72 5.19 95.08
4.24 97.59 5.24 94.96
4.29 97.46 5.29 94.83
4.34 97.32 5.34 94.70
4.39 97.19 5.39 94.57
4.44 97.06 5.44 94.44
4.49 96.92 5.49 94.31
* 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, June 6, 2007
Issued at HKT 16:36
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