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The Hong Kong Monetary Authority (HKMA) announces that a tender of 5-year Exchange Fund Notes will be held on March 23, 2009 (Monday) for settlement on March 24, 2009 (Tuesday).
A total of HK$1,000 million 5-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$995 million). The Notes will mature on March 24, 2014 and will carry interest at the rate of 1.67% 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 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
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
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Tender information of 5-Year Exchange Fund Notes :-
Issue Number : 05Y1403
Stock code : 4188 (EFN 1.67 1403)
Tender Date : March 23, 2009 (Monday)
and Time 9.30am to 10.30am
Issue and Settlement : March 24, 2009 (Tuesday)
Date
Amount on Offer : HK$1,000 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 : Five years
Maturity Date : March 24, 2014
Interest Rate : 1.67% p.a.
Interest Payment Dates : Sept 24, 2009
Mar 24, 2010
Sept 24, 2010
Mar 24, 2011
Sept 26, 2011
Mar 26, 2012
Sept 24, 2012
Mar 25, 2013
Sept 24, 2013
Mar 24, 2014
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 : March 25, 2009
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
0.67 104.91 1.67 100.03
0.72 104.66 1.72 99.80
0.77 104.41 1.77 99.56
0.82 104.16 1.82 99.33
0.87 103.92 1.87 99.09
0.92 103.67 1.92 98.86
0.97 103.42 1.97 98.62
1.02 103.17 2.02 98.39
1.07 102.93 2.07 98.16
1.12 102.68 2.12 97.93
1.17 102.44 2.17 97.70
1.22 102.19 2.22 97.47
1.27 101.95 2.27 97.24
1.32 101.71 2.32 97.01
1.37 101.47 2.37 96.78
1.42 101.23 2.42 96.55
1.47 100.99 2.47 96.33
1.52 100.75 2.52 96.10
1.57 100.51 2.57 95.88
1.62 100.27 2.62 95.65
1.67 100.03 2.67 95.43
* 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, March 12, 2009
Issued at HKT 16:32
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