Felix Pinkston
Might 14, 2025 01:31
The Hong Kong Financial Authority will conduct a young for 2-year Alternate Fund Notes on Might 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 Might 23, 2025. This initiative goals to roll over an current difficulty of notes set to mature on the identical date. The settlement for these notes will happen on Might 26, 2025, in accordance with the HKMA’s revealed tentative issuance schedule.
Tender Particulars
The HKMA will supply a complete of HK$1,200 million in notes, with HK$5 million reserved for non-competitive tender bids by the general public via the Hong Kong Securities Clearing Firm Restricted (HKSCC). Ought to the non-competitive portion be under-subscribed, the remaining quantity might be added to the aggressive tender portion, initially set at HK$1,195 million. The notes will mature on Might 26, 2027, carrying an annual rate of interest of two.16%, payable semi-annually.
Participation Course of
Public individuals excited by non-competitive tenders can submit functions by way of Inventory Alternate Individuals/Brokers or immediately via the HKSCC in the event that they possess Investor Accounts inside the Central Clearing and Settlement System (CCASS). Aggressive tender functions have to be submitted via the HKMA’s appointed Eligible Market Makers, with every software 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 screen (HKMAOOE) and Bloomberg. Candidates who submitted non-competitive bids via HKSCC also can receive outcomes by way of Inventory Alternate Individuals/Brokers or immediately from their CCASS terminals.
Additional Info
The tender, designated as Difficulty Quantity 02Y2705 and inventory code 4105 (EFN 2.16 2705), will happen between 9:30 a.m. and 10:30 a.m. on the required date. The HKMA encourages events to seek the advice of the Info Memorandum or contact Eligible Market Makers, HKSCC, or brokers listed as Alternate Individuals on the Inventory Alternate of Hong Kong for added particulars.
For extra complete data, the HKMA’s full announcement may be accessed here.
Picture supply: Shutterstock
