Felix Pinkston
Might 14, 2025 01:31
The Hong Kong Financial Authority will conduct a young for 2-year Trade 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 Trade Fund Notes, scheduled for Might 23, 2025. This initiative goals to roll over an present concern of notes set to mature on the identical date. The settlement for these notes will happen on Might 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 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 contributors all in favour of non-competitive tenders can submit functions through Inventory Trade Individuals/Brokers or straight by 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 by 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 HKSCC can even get hold of outcomes through Inventory Trade Individuals/Brokers or straight from their CCASS terminals.
Additional Data
The tender, designated as Situation 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 Data Memorandum or contact Eligible Market Makers, HKSCC, or brokers listed as Trade Individuals on the Inventory Trade of Hong Kong for extra particulars.
For extra complete data, the HKMA’s full announcement might be accessed right here.
Picture supply: Shutterstock
