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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) announces that a tender of 10-year Exchange Fund Notes will be held on June 18, 2012 (Monday) for settlement on June 19, 2012 (Tuesday).
A total of HK$800 million 10-year Notes will be on offer, of which HK$5 million will be made available for offer to members of the public who wish to submit non-competitive tender bids through Hong Kong Securities Clearing Company Limited (HKSCC). If the Notes reserved for non-competitive tender are under-subscribed, the non-subscribed amount will be added to the portion of notes for competitive tender (initially set at HK$795 million). The Notes will mature on June 20, 2022 and will carry interest at the rate of 0.97% per annum payable semi-annually in arrears.
Members of the public who wish to submit non-competitive tender applications for Notes that are open to HKSCC may do so through Stock Exchange Participants/Brokers, or for those who hold Investor Accounts of the Central Clearing and Settlement System (CCASS) at the HKSCC, directly through HKSCC, for submission to the HKMA for processing. Competitive tender applications for the Notes must be submitted through any of the Eligible Market Makers on the current 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 www.hkma.gov.hk. Each tender must be for an amount of HK$50,000 or integral multiples thereof for both competitive and non-competitive tender.
The tender results will be published on the HKMA's website, the Reuters screen (HKMAOOE), and Bloomberg. Applicants who submitted non-competitive tender bids through HKSCC may also obtain the tender results from Stock Exchange Participants/Brokers, or for applicants who hold Investor Accounts at HKSCC's CCASS from the CCASS terminal for CCASS Broker/Custodian/Participants and CCASS Phone System.
Hong Kong Monetary Authority
Exchange Fund Note Programme Tender Information
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Tender information of 10-Year Exchange Fund Notes:
Issue Number : 10Y2206
Stock code : 4028 (EFN 0.97 2206)
Tender Date : June 18, 2012 (Monday)
and Time 9.30am to 10.30am
Issue and Settlement : June 19, 2012 (Tuesday)
Date
Amount on Offer : HK$800 million
(up to HK$5 million for
non-competitive tender)
Commencement of/ : Please refer to requirements
Deadline for as set down by HKSCC.
submission of non-
competitive tender bids
by retail investors
through HKSCC
Maturity : Ten years
Maturity Date : June 20, 2022
Interest Rate : 0.97% p.a.
Interest Payment Dates : December 19, 2012
June 19, 2013
December 19, 2013
June 19, 2014
December 19, 2014
June 19, 2015
December 21, 2015
June 20, 2016
December 19, 2016
June 19, 2017
December 19, 2017
June 19, 2018
December 19, 2018
June 19, 2019
December 19, 2019
June 19, 2020
December 21, 2020
June 21, 2021
December 20, 2021
June 20, 2022
Tender Amount : Each tender must be for an
amount of HK$50,000 or
integral multiples thereof
for both competitive and
non-competitive tender.
Members of the public who
wish to apply for the Notes
through non-competitive
tenders that are open to
HKSCC may do so through
Stock Exchange Participants/
Brokers, or for those who
hold Investor Accounts at
HKSCC's CCASS, directly
through HKSCC.
Members of the public who
wish to apply for the Notes
through competitive tender
may only do so through any
of the Eligible Market
Makers on the current
published list.
Other details : Please see Information
Memorandum published or
approach Eligible Market
Makers, HKSCC, or brokers
who are Exchange
Participants of the Stock
Exchange of Hong Kong.
Expected commencement : June 20, 2012
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
-0.03 110.02 0.97 100.02
0.02 109.49 1.02 99.55
0.07 108.97 1.07 99.08
0.12 108.45 1.12 98.61
0.17 107.93 1.17 98.15
0.22 107.42 1.22 97.69
0.27 106.90 1.27 97.23
0.32 106.39 1.32 96.77
0.37 105.89 1.37 96.32
0.42 105.38 1.42 95.86
0.47 104.88 1.47 95.41
0.52 104.39 1.52 94.97
0.57 103.89 1.57 94.52
0.62 103.40 1.62 94.08
0.67 102.91 1.67 93.64
0.72 102.42 1.72 93.20
0.77 101.94 1.77 92.77
0.82 101.45 1.82 92.33
0.87 100.97 1.87 91.90
0.92 100.50 1.92 91.47
0.97 100.02 1.97 91.05
* 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/Thursday, June 7, 2012
Issued at HKT 16:30
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