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The Hong Kong Monetary Authority (HKMA) announces that a tender of 7-year Exchange Fund Notes will be held on Tuesday, 29 May 2007 for settlement on Wednesday, 30 May 2007.
An amount of HK$600 million 7-year Notes will be on offer solely for competitive tender. The Notes will mature on 30 May 2014 and will carry interest at the rate of 4.04% 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 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
17 May 2007
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
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Tender information of 7-Year Exchange Fund Notes :-
Issue Number : 07Y1405
Stock code : 4165 (EFN 4.04 1405)
Tender Date : Tuesday, 29 May 2007
and Time 9:30 a.m. to 10:30 a.m.
Issue and Settlement : Wednesday, 30 May 2007
Date
Amount on Offer : HK$600 million
(solely for competitive
tender)
Maturity : Seven years
Maturity Date : 30 May 2014
Interest Rate : 4.04% p.a.
Interest Payment Dates : 30 Nov 2007
30 May 2008
1 Dec 2008
1 Jun 2009
30 Nov 2009
31 May 2010
30 Nov 2010
30 May 2011
30 Nov 2011
30 May 2012
30 Nov 2012
30 May 2013
2 Dec 2013
30 May 2014
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 : 31 May 2007
date of dealing on
the Stock Exchange
of Hong Kong
Price/Yield Table of the new EFN at tender for reference* only :-
Yield-to Price Yield-to Price
-Maturity -Maturity
3.04 106.41 4.04 100.24
3.09 106.09 4.09 99.95
3.14 105.77 4.14 99.65
3.19 105.46 4.19 99.36
3.24 105.14 4.24 99.06
3.29 104.83 4.29 98.77
3.34 104.51 4.34 98.48
3.39 104.20 4.39 98.19
3.44 103.89 4.44 97.90
3.49 103.58 4.49 97.61
3.54 103.27 4.54 97.32
3.59 102.96 4.59 97.04
3.64 102.65 4.64 96.75
3.69 102.35 4.69 96.47
3.74 102.04 4.74 96.19
3.79 101.74 4.79 95.91
3.84 101.44 4.84 95.63
3.89 101.14 4.89 95.35
3.94 100.84 4.94 95.07
3.99 100.54 4.99 94.79
4.04 100.24 5.04 94.51
* 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, May 17, 2007
Issued at HKT 16:30
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