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The Hong Kong Monetary Authority (HKMA) announces that a tender of 10-year Exchange Fund Notes will be held on Tuesday 26 June 2007 for settlement on Wednesday 27 June 2007.
An amount of HK$800 million 10-year Notes will be on offer solely for competitive tender. The Notes will mature on 27 June 2017 and will carry interest at the rate of 4.85% 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
14 June 2007
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
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Tender information of 10-Year Exchange Fund Notes :-
Issue Number : 10Y1706
Stock code : 4167 (EFN 4.85 1706)
Tender Date : Tuesday, 26 June 2007
and Time 9.30am to 10.30am
Issue and Settlement : Wednesday, 27 June 2007
Date
Amount on Offer : HK$800 million
(solely for competitive
tender)
Maturity : Ten years
Maturity Date : 27 June 2017
Interest Rate : 4.85% p.a.
Interest Payment Dates : 27 Dec 2007
27 Jun 2008
29 Dec 2008
29 Jun 2009
28 Dec 2009
28 Jun 2010
27 Dec 2010
27 Jun 2011
27 Dec 2011
27 Jun 2012
27 Dec 2012
27 Jun 2013
27 Dec 2013
27 Jun 2014
29 Dec 2014
29 Jun 2015
28 Dec 2015
27 Jun 2016
27 Dec 2016
27 Jun 2017
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 : 28 June 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-Maturity Price Yield-to-Maturity Price
3.85 108.55 4.85 100.45
3.90 108.13 4.90 100.07
3.95 107.70 4.95 99.68
4.00 107.28 5.00 99.30
4.05 106.87 5.05 98.93
4.10 106.45 5.10 98.55
4.15 106.04 5.15 98.17
4.20 105.62 5.20 97.80
4.25 105.22 5.25 97.43
4.30 104.81 5.30 97.06
4.35 104.40 5.35 96.69
4.40 104.00 5.40 96.32
4.45 103.60 5.45 95.96
4.50 103.20 5.50 95.60
4.55 102.80 5.55 95.24
4.60 102.40 5.60 94.88
4.65 102.01 5.65 94.52
4.70 101.62 5.70 94.16
4.75 101.23 5.75 93.81
4.80 100.84 5.80 93.46
4.85 100.45 5.85 93.11
* 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 14, 2007
Issued at HKT 16:40
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