The post Hong Kong Monetary Authority Announces Tender of 2-Year Exchange Fund Notes appeared on BitcoinEthereumNews.com.

Rongchai Wang Aug 13, 2024 03:04 The Hong Kong Monetary Authority (HKMA) will hold a tender for 2-year Exchange Fund Notes on 21 August 2024, with a settlement date on 22 August 2024. The Hong Kong Monetary Authority (HKMA) has announced that a tender for 2-year Exchange Fund Notes will be held on 21 August 2024, with settlement scheduled for 22 August 2024. This issuance aims to roll over a maturing issue of 2-year Exchange Fund Notes on the same day, according to the HKMA. Details of the Tender A total of HK$1,200 million in 2-year Notes will be on offer. Of this, HK$5 million is reserved for non-competitive tender bids, which can be submitted through the Hong Kong Securities Clearing Company Limited (HKSCC). If the non-competitive tender is under-subscribed, the remaining amount will be added to the competitive tender portion, initially set at HK$1,195 million. The Notes will mature on 24 August 2026 and carry an interest rate of 2.77% per annum, payable semi-annually in arrears. Participation Guidelines Members of the public interested in submitting non-competitive tender applications through HKSCC can do so via Stock Exchange Participants/Brokers or directly through HKSCC if they hold Investor Accounts in the Central Clearing and Settlement System (CCASS). Competitive tender applications must be submitted through any of the Eligible Market Makers appointed by the HKMA. Each tender must be for an amount of HK$50,000 or integral multiples thereof for both competitive and non-competitive tenders. Publication of Results The results of the tender will be published on the HKMA’s website, the Refinitiv screen (HKMAOOE), and Bloomberg. Applicants who submitted non-competitive tender bids through HKSCC can also obtain results from Stock Exchange Participants/Brokers or directly from the CCASS terminal for CCASS Broker/Custodian/Participants and the CCASS Phone System. Tender Information Summary Issue Number 02Y2608 Stock Code…

---

Filed under: News - @ August 14, 2024 12:27 pm