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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 2-year Exchange Fund Notes will be held on February 12, 2008 (Tuesday) for settlement on February 13, 2008 (Wednesday).
A total of HK$1,200 million 2-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 amount of Notes reserved for non-competitive tender is under-subscribed, the non-subscribed amount will be added to the portion of Notes for competitive tender (initially set at HK$1,195 million). The Notes will mature on February 15, 2010 and will carry interest at the rate of 1.52% 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 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 http://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
January 30, 2008
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
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Tender information of 2-Year Exchange Fund Notes :
Issue Number : 02Y1002
Stock code : 4174 (EFN 1.52 1002)
Tender Date : February 12, 2008 (Tuesday)
and Time 9.30 am to 10.30 am
Issue and Settlement : February 13,2008 (Wednesday)
Date
Amount on Offer : HK$1,200 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 : Two years
Maturity Date : February 15, 2010
Interest Rate : 1.52% p.a.
Interest Payment Dates : August 13, 2008
February 13, 2009
August 13, 2009
February 15, 2010
Tender Amount : Each tender must be for
an amount of HK$50,000
orintegral 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
ofthe 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 : February 14, 2008
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
0.52 101.99 1.52 100.01
0.57 101.89 1.57 99.91
0.62 101.79 1.62 99.82
0.67 101.69 1.67 99.72
0.72 101.59 1.72 99.62
0.77 101.49 1.77 99.53
0.82 101.39 1.82 99.43
0.87 101.29 1.87 99.33
0.92 101.19 1.92 99.24
0.97 101.09 1.97 99.14
1.02 100.99 2.02 99.04
1.07 100.89 2.07 98.95
1.12 100.80 2.12 98.85
1.17 100.70 2.17 98.76
1.22 100.60 2.22 98.66
1.27 100.50 2.27 98.57
1.32 100.40 2.32 98.47
1.37 100.30 2.37 98.37
1.42 100.21 2.42 98.28
1.47 100.11 2.47 98.18
1.52 100.01 2.52 98.09
* 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, January 30, 2008
Issued at HKT 16:31
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