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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 15-year Exchange Fund Notes will be held on August 24, 2012 (Friday) for settlement on August 27, 2012 (Monday).
A total of HK$600 million 15-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$595 million). The Notes will mature on August 27, 2027 and will carry interest at the rate of 0.80% 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
Tender information of 15-Year Exchange Fund Notes:
Issue Number : 15Y2708
Stock code : 4030 (EFN 0.80 2708)
Tender Date : August 24, 2012 (Friday)
and Time 9.30am to 10.30am
Issue and Settlement : August 27, 2012 (Monday)
Date
Amount on Offer : HK$600 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 : Fifteen years
Maturity Date : August 27, 2027
Interest Rate : 0.80% p.a.
Interest Payment Dates : February 27, 2013
August 27, 2013
February 27, 2014
August 27, 2014
February 27, 2015
August 27, 2015
February 29, 2016
August 29, 2016
February 27, 2017
August 28, 2017
February 27, 2018
August 27, 2018
February 27, 2019
August 27, 2019
February 27, 2020
August 27, 2020
March 1, 2021
August 27, 2021
February 28, 2022
August 29, 2022
February 27, 2023
August 28, 2023
February 27, 2024
August 27, 2024
February 27, 2025
August 27, 2025
February 27, 2026
August 27, 2026
March 1, 2027
August 27, 2027
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 : August 28, 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
-0.20 115.24 0.80 100.02
-0.15 114.42 0.85 99.32
-0.10 113.61 0.90 98.63
-0.05 112.80 0.95 97.94
0.00 112.00 1.00 97.25
0.05 111.21 1.05 96.58
0.10 110.42 1.10 95.90
0.15 109.64 1.15 95.23
0.20 108.86 1.20 94.57
0.25 108.09 1.25 93.91
0.30 107.33 1.30 93.26
0.35 106.57 1.35 92.61
0.40 105.82 1.40 91.97
0.45 105.08 1.45 91.33
0.50 104.34 1.50 90.70
0.55 103.61 1.55 90.07
0.60 102.88 1.60 89.45
0.65 102.16 1.65 88.83
0.70 101.44 1.70 88.22
0.75 100.73 1.75 87.61
0.80 100.02 1.80 87.00
* 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, August 15, 2012
Issued at HKT 16:33
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