Felix Pinkston
Could 14, 2025 01:31
The Hong Kong Financial Authority will conduct a young for 2-year Alternate Fund Notes on Could 23, 2025, aiming to rollover maturing notes price HK$1,200 million with a 2.16% rate of interest.
The Hong Kong Financial Authority (HKMA) has introduced a forthcoming tender for 2-year Alternate Fund Notes, scheduled for Could 23, 2025. This initiative goals to roll over an present challenge of notes set to mature on the identical date. The settlement for these notes will happen on Could 26, 2025, in response to the HKMA’s printed tentative issuance schedule.
Tender Particulars
The HKMA will provide a complete of HK$1,200 million in notes, with HK$5 million reserved for non-competitive tender bids by the general public by way of the Hong Kong Securities Clearing Firm Restricted (HKSCC). Ought to the non-competitive portion be under-subscribed, the remaining quantity will probably be added to the aggressive tender portion, initially set at HK$1,195 million. The notes will mature on Could 26, 2027, carrying an annual rate of interest of two.16%, payable semi-annually.
Participation Course of
Public contributors keen on non-competitive tenders can submit purposes through Inventory Alternate Contributors/Brokers or immediately by way of the HKSCC in the event that they possess Investor Accounts throughout the Central Clearing and Settlement System (CCASS). Aggressive tender purposes should be submitted by way of the HKMA’s appointed Eligible Market Makers, with every utility requiring a minimal of HK$50,000 or multiples thereof.
The HKMA will publish the tender outcomes on its official web site, in addition to on the Refinitiv display (HKMAOOE) and Bloomberg. Candidates who submitted non-competitive bids by way of HKSCC may receive outcomes through Inventory Alternate Contributors/Brokers or immediately from their CCASS terminals.
Additional Data
The tender, designated as Problem Quantity 02Y2705 and inventory code 4105 (EFN 2.16 2705), will happen between 9:30 a.m. and 10:30 a.m. on the desired date. The HKMA encourages events to seek the advice of the Data Memorandum or contact Eligible Market Makers, HKSCC, or brokers listed as Alternate Contributors on the Inventory Alternate of Hong Kong for added particulars.
For extra complete data, the HKMA’s full announcement could be accessed right here.
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