QUALIFICATIONS FOR LISTING ON THE EXCHANGE MAIN BOARD

Transcription

1 QUALIFICATIONS FOR LISTING ON THE EXCHANGE MAIN BOARD The following basic conditions have to be met, amongst others, as a prerequisite for the listing of debt securities, except for those issued by states and supranationals and those which are selectively marketed. 1. The issuer and the guarantor, in the case of a guaranteed issue, must each be duly incorporated or otherwise established under the laws of the place where it is incorporated or otherwise established and must be in conformity with those laws and its memorandum and articles of association or equivalent documents; 2. An issuer which is a Hong Kong company must not be a private company within the meaning of the Companies Ordinance; 3. If the shares of the issuer or the guarantor, in the case of a guaranteed issue, are not listed, both of them and their respective businesses must, in the opinion of the Exchange, be suitable for listing; 4. A new applicant or the guarantor, in the case of a guaranteed issue, must have produced audited accounts in accordance with its national law covering the three financial years preceding the application for listing; 5. If the shares of the issuer or the guarantor, in the case of a guaranteed issue, are not listed, then the issuer or the guarantor, in the case of a guaranteed issue, must have total shareholders funds of at least HK$100 million, and the nominal amount of each class of debt securities for which listing is sought must normally be at least HK$50 million or such other amount as the Exchange may from time to time prescribe; 6. The debt securities for which listing is sought must be freely transferable. For debt securities issued by states and supranationals, the basic conditions for listing are: 1. The nominal amount of each class of debt securities for which listing is sought must normally be at least HK$50 million or such other amount as the Exchange may from time to time prescribe; 2. The debt securities must be freely transferable after listing; 3. The creation and the issue of the debt securities must be duly authorised. Specific waviers to requirements such as the issue of listing document have been applied to the listing of Exchange Fund Notes and Hong Kong Mortgage Corporation Notes. Fact Book

2 Newly listed debt securities Maturity Listing Code Issuer/company Name of issue Issue price date date 2524 Mass Transit Railway Corporation 7.50% Notes due /02/ /02/ Hutchison Whampoa Finance (CI) Ltd 7.88% Guaranteed Notes due /02/ /02/ Hutchison Whampoa Finance (CI) Ltd 5.50% Guaranteed Bonds due /03/ /03/ European Bank for Reconstruction 7.28% Notes due /04/ /04/99 & Development 2530 Philippine Long Distance Telephone Co 10.50% Notes due /04/ /04/ China Development Bank 8.25% Notes due /05/ /05/ AIG SunAmerica Institutional Funding 6.25% Notes due /06/ /06/ Malaysia 8.75% Notes due /06/ /06/ Nissho Iwai HK (Cayman) Ltd 3-mth USD LIBOR Notes due /06/ /06/ Nichimen Hong Kong (Cayman) Ltd Floating Rate Notes due /03/ /06/ Hongkong Electric (Cayman) Ltd 7.73% Guaranteed Notes due /06/ /06/ Kowloon-Canton Railway Corporation 7.25% Notes due /07/ /07/ Hutchison Whampoa Hongville Floating Rate Notes due /08/ /08/99 Finance Ltd 2542 Nichimen Hong Kong (Cayman) Ltd Fixed and Floating Rate Notes due /05/ /08/ Hong Kong Monetary Authority 7.45% Exchange Fund Notes due /09/ /08/ Hong Kong Monetary Authority 6.28% Exchange Fund Notes due /10/ /08/ Hong Kong Monetary Authority 7.75% Exchange Fund Notes due /11/ /08/ Hong Kong Monetary Authority 8.15% Exchange Fund Notes due /12/ /08/ Hong Kong Monetary Authority 6.17% Exchange Fund Notes due /01/ /08/ Hong Kong Monetary Authority 10.00% Exchange Fund Notes due /02/ /08/ Hong Kong Monetary Authority 7.75% Exchange Fund Notes due /03/ /08/ Hong Kong Monetary Authority 6.50% Exchange Fund Notes due 2000 Apr - 17/04/ /08/ Hong Kong Monetary Authority 7.60% Exchange Fund Notes due /05/ /08/ Hong Kong Monetary Authority 6.60% Exchange Fund Notes due /06/ /08/ Hong Kong Monetary Authority 6.08% Exchange Fund Notes due /07/ /08/ Hong Kong Monetary Authority 9.32% Exchange Fund Notes due /08/ /08/ Hong Kong Monetary Authority 6.95% Exchange Fund Notes due /09/ /08/ Hong Kong Monetary Authority 6.50% Exchange Fund Notes due 2000 Oct - 16/10/ /08/ Hong Kong Monetary Authority 6.77% Exchange Fund Notes due /11/ /08/ Hong Kong Monetary Authority 6.38% Exchange Fund Notes due /12/ /08/ Hong Kong Monetary Authority 9.28% Exchange Fund Notes due /01/ /08/ Hong Kong Monetary Authority 6.63% Exchange Fund Notes due /02/ /08/ Hong Kong Monetary Authority 6.75% Exchange Fund Notes due /03/ /08/ Hong Kong Monetary Authority 7.50% Exchange Fund Notes due /04/ /08/ Hong Kong Monetary Authority 5.97% Exchange Fund Notes due /05/ /08/ Hong Kong Monetary Authority 7.23% Exchange Fund Notes due /06/ /08/ Hong Kong Monetary Authority 9.72% Exchange Fund Notes due /07/ /08/ Hong Kong Monetary Authority 6.21% Exchange Fund Notes due /08/ /08/ Hong Kong Monetary Authority 7.32% Exchange Fund Notes due /09/ /08/ Hong Kong Monetary Authority 7.02% Exchange Fund Notes due /10/ /08/ Hong Kong Monetary Authority 6.57% Exchange Fund Notes due /12/ /08/ Hong Kong Monetary Authority 6.75% Exchange Fund Notes due /01/ /08/ Hong Kong Monetary Authority 6.55% Exchange Fund Notes due 2002 Mar - 18/03/ /08/ Hong Kong Monetary Authority 6.26% Exchange Fund Notes due /04/ /08/ Hong Kong Monetary Authority 6.55% Exchange Fund Notes due 2002 Jun - 17/06/ /08/ Hong Kong Monetary Authority 6.59% Exchange Fund Notes due /07/ /08/ Hong Kong Monetary Authority 6.72% Exchange Fund Notes due /09/ /08/ Hong Kong Monetary Authority 6.82% Exchange Fund Notes due /11/ /08/ Hong Kong Monetary Authority 8.25% Exchange Fund Notes due /12/ /08/ Hong Kong Monetary Authority 6.02% Exchange Fund Notes due /02/ /08/99 2 Fact Book 1999

3 Newly listed debt securities (continued) Maturity Listing Code Issuer/company Name of issue Issue price date date 4037 Hong Kong Monetary Authority 8.02% Exchange Fund Notes due /03/ /08/ Hong Kong Monetary Authority 7.60% Exchange Fund Notes due /05/ /08/ Hong Kong Monetary Authority 9.20% Exchange Fund Notes due /06/ /08/ Hong Kong Monetary Authority 7.24% Exchange Fund Notes due /08/ /08/ Hong Kong Monetary Authority 6.80% Exchange Fund Notes due /11/ /08/ Hong Kong Monetary Authority 6.46% Exchange Fund Notes due /02/ /08/ Hong Kong Monetary Authority 6.94% Exchange Fund Notes due /05/ /08/ Hong Kong Monetary Authority 7.00% Exchange Fund Notes due /08/ /08/ Hong Kong Monetary Authority 7.80% Exchange Fund Notes due /11/ /08/ Hong Kong Monetary Authority 9.20% Exchange Fund Notes due /02/ /08/ Hong Kong Monetary Authority 8.65% Exchange Fund Notes due /05/ /08/ Hong Kong Monetary Authority 9.58% Exchange Fund Notes due /08/ /08/ Hong Kong Monetary Authority 7.37% Exchange Fund Notes due /10/ /08/ Hong Kong Monetary Authority 6.89% Exchange Fund Notes due /01/ /08/ Hong Kong Monetary Authority 7.45% Exchange Fund Notes due /04/ /08/ Hong Kong Monetary Authority 6.80% Exchange Fund Notes due /07/ /08/ Hong Kong Monetary Authority 6.93% Exchange Fund Notes due /10/ /08/ Hong Kong Monetary Authority 9.89% Exchange Fund Notes due /01/ /08/ Hong Kong Monetary Authority 7.70% Exchange Fund Notes due /04/ /08/ Hong Kong Monetary Authority 9.80% Exchange Fund Notes due /07/ /08/ Hong Kong Monetary Authority 7.21% Exchange Fund Notes due /06/ /08/ Hong Kong Monetary Authority 6.80% Exchange Fund Notes due /09/ /09/ Hong Kong Monetary Authority 6.42% Exchange Fund Notes due /10/ /10/ Hong Kong Mortgage Corporation Ltd 8.50% Notes due /05/ /10/ Hong Kong Mortgage Corporation Ltd 9.50% Notes due /09/ /10/ Hong Kong Mortgage Corporation Ltd 7.70% Notes due /03/ /10/ Hong Kong Mortgage Corporation Ltd 8.00% Notes due 2001-A - 12/03/ /10/ Hong Kong Mortgage Corporation Ltd 8.00% Notes due 2001-B - 12/03/ /10/ Hong Kong Mortgage Corporation Ltd 7.75% Notes due /11/ /10/ Hong Kong Mortgage Corporation Ltd 7.50% Notes due /12/ /10/ Amoy International Treasury Ltd Guaranteed Floating Rate Notes due /10/ /10/ Hong Kong Mortgage Corporation Ltd 6.65% Notes due /10/ /10/ Export-Import Bank of China, The Floating Rate Notes due /11/ /11/ China Telecom (Hong Kong) Ltd 7.875% Notes due /11/ /11/ Hong Kong Monetary Authority 6.20% Exchange Fund Notes due /11/ /11/ Hong Kong Monetary Authority 7.47% Exchange Fund Notes due /12/ /12/ Hong Kong Monetary Authority 6.71% Exchange Fund Notes due /12/ /12/99 Note: No issue price for Notes which is being listed by way of introduction. Fact Book

4 Withdrawal of listed debt securities Last Delisted Code Issuer Particulars trading date date 1423 Kotobukiya Co Ltd Redemption of its issue of Guaranteed 29/01/99 04/02/99 Floating Rate Notes due February Nissho Iwai HK (Cayman) Ltd Redemption of its issue of 1.80% Notes due 15 February /02/99 19/02/ Nissho Iwai HK (Cayman) Ltd Redemption of its issue of 1.80% Notes due 26 February /02/99 01/03/ European Bank for Redemption of its issue of 5.65% Bonds due March /02/99 02/03/99 Reconstruction & Development 0558 European Bank for Redemption of its issue of 8.625% Corridor Notes due March /03/99 16/03/99 Reconstruction & Development 0743 Nacional Financiera, S.N.C. Redemption of its issue of Floating Rate Notes due March /03/99 16/03/ Asian Development Bank Redemption of its issue of 9.15% Bonds due March /03/99 17/03/ Ontario Hydro Redemption of its issue of Floating Rate Notes due March /03/99 17/03/ Bakrie International Redemption of its issue of Floating Rate Notes due March /03/99 23/03/99 Finance Co B.V Hongkong Bank of Australia Ltd Redemption of its issue of 6.625% Dragon Bonds due March /03/99 24/03/ P.T. Bank Ekspor Impor Redemption of its issue of Floating Rate Notes due March /03/99 30/03/99 Indonesia (Persero) 1032 Sino Land Co Ltd Redemption of its issue of Floating Rate Notes due March /03/99 30/03/ Asian Finance & Investment Redemption of its issue of Floating Rate Notes due April /04/99 13/04/99 Corporation Ltd 1040 Korea Development Bank, The Redemption of its issue of Floating Rate Notes due April /04/99 16/04/ European Bank for Redemption of its issue of 6.00% Bonds due May /05/99 07/05/99 Reconstruction & Development 1066 Republic of Finland Redemption of its issue of Floating Rate Notes due May /05/99 07/05/ Baden-Wurttemberg Redemption of its issue of 6.00% Global Notes due May /05/99 11/05/99 L-Finance N.V P.T. Bank Danamon Indonesia Early redemption of its issue of Floating Rate Notes due May /05/99 13/05/ Province of Nova Scotia Redemption of its issue of Floating Rate Notes due May /05/99 13/05/ Sanwa Int l Finance Ltd Early redemption of its issue of Floating & Fixed Rate Notes due May /05/99 17/05/ Asian Development Bank Redemption of its issue of 8.90% Bonds due May /05/99 21/05/ International Finance Corp Redemption of its issue of 7.175% Bonds due May /05/99 26/05/ General Electric Capital Redemption of its issue of 6.875% Notes due June /05/99 04/06/99 Corporation 2519 Nissho Iwai HK (Cayman) Ltd Redemption of its issue of 1.10% Notes due June /06/99 09/06/ Nissho Iwai HK (Cayman) Ltd Early redemption of its issue of Callable Variable 11/06/99 14/06/99 Rate Notes due June KfW International Finance Inc Redemption of its issue of 7.00% Notes due June /06/99 16/06/ Nissho Iwai HK (Cayman) Ltd Redemption of its issue of 1.43% Notes due June /06/99 28/06/ Corporacion Andina de Fomento Redemption of its issue of Floating Rate Notes due June /06/99 29/06/ Korea Long Term Credit Bank Redemption of its issue of Floating Rate Notes due July /06/99 06/07/ Int l Bank for Reconstruction Redemption of its issue of 7.00% Notes due July /07/99 09/07/99 & Development 1148 Republic of Portugal Redemption of its issue of Floating Rate Global Notes due July /07/99 16/07/ Federal Home Loan Redemption of its issue of 7.125% Notes due July /07/99 22/07/99 Mortgage Corporation 1014 PIV Investment Finance Early redemption of its issue of 4.50% Convertible 23/07/99 26/07/99 (Cayman) Ltd Guaranteed Bonds due July Republic of Italy Redemption of its issue of Floating Rate Notes due July /07/99 27/07/ Republic of Italy Redemption of its issue of JPY Global Floating Rate Notes due July /07/99 27/07/ Kalfarm Finance Ltd Redemption of its issue of Floating Rate Notes due July /07/99 29/07/ Canada Mortgage and Redemption of its issue of 8.25% Bonds due August /07/99 04/08/99 Housing Corporation 0998 Abbey National Treasury Redemption of its issue of 6.00% Guaranteed Notes due August /08/99 11/08/99 Services plc 1009 Province of Ontario, The Redemption of its issue of Floating Rate Notes due August /08/99 18/08/99 4 Fact Book 1999

5 Withdrawal of listed debt securities (continued) Last Delisted Code Issuer Particulars trading date date 1162 Export-Import Bank of Redemption of its issue of Floating Rate Notes due August /08/99 31/08/99 Korea, The 1158 Parco Co Ltd Redemption of its issue of 0.625% Convertible Bonds due September /08/99 01/09/ Lippo Financial Services Ltd Early redemption of its issue of Guaranteed Floating 10/09/99 16/09/99 Rate Notes due September Sanwa Int l Finance Ltd Early redemption of its issue of Floating & Fixed 14/09/99 20/09/99 Rate Notes due September Hong Kong Monetary Authority Redemption of its issue of 7.45% Exchange Fund 22/09/99 27/09/99 Notes due September Nichimen Hong Kong Redemption of its issue of Floating Rate Notes due September /09/99 28/09/99 (Cayman) Ltd 2516 Toyota Auto Lease Trust Redemption of its issue of 6.20% Asset Backed 22/09/99 28/09/99 Certificates Class A-1 due September Hong Kong Monetary Authority Redemption of its issue of 6.28% Exchange Fund Notes due October /10/99 15/10/ Kingdom of Denmark, The Redemption of its issue of 5.50% Notes due October /10/99 27/10/ Kookmin Bank Redemption of its issue of Floating Rate Notes due November /10/99 01/11/ Republic of Argentina, The Redemption of its issue of 10.95% Bonds due November /10/99 02/11/ Nichimen Hong Kong Redemption of its issue of Step-up Floating 02/11/99 08/11/99 (Cayman) Ltd Rate Notes due November Hong Kong Monetary Authority Redemption of its issue of 7.75% Exchange Fund 08/11/99 11/11/99 Notes due November Hellenic Republic, The Redemption of its issue of Floating Rate Notes due November /11/99 16/11/ First Pacific Capital Ltd Early redemption of its issue of Guaranteed Floating 12/11/99 18/11/99 Rate Notes due November Nissho Iwai HK (Cayman) Ltd Redemption of its issue of Euroyen Dual Currency 17/11/99 23/11/99 Notes due November Hellenic Republic, The Redemption of its issue of 9.75% Bonds due November /11/99 29/11/ Nichimen Hong Kong Early redemption of its issue of Callable Step-up Floating 29/11/99 03/12/99 (Cayman) Ltd Rate Notes due December Cofiri International Inc Redemption of its issue of Guaranteed Floating 06/12/99 10/12/99 Rate Notes due December Kookmin Bank Redemption of its issue of Dragon Floating Rate Notes due December /12/99 10/12/ Republic of South Africa Redemption of its issue of 9.625% Notes due December /12/99 16/12/ Hana Bank Redemption of its issue of Dragon Floating Rate Notes due December /12/99 17/12/ Hong Kong Monetary Authority Redemption of its issue of 8.15% Exchange Fund Notes due December /12/99 20/12/99 Fact Book

6 Debt securities trading by type of issue HK$ mil State Year Bank Corporation State corporation Supranational Total Classification of listed debt securities as at the end of 1999 Nominal amount Major group No. of issuers No. of issues (HK$mil) Bank , Corporation , State , State corporation , Supranational , Total , Listed debt securities, Nominal Nominal Nominal Nominal Nominal No. of amount No. of amount No. of amount No. of amount No. of amount Country issues (HK$mil) issues (HK$mil) issues (HK$mil) issues (HK$mil) issues (HK$mil) Hong Kong 16 14, , , , , PRC 12 19, , , , , Foreign , , , , , Supranational 27 40, , , , , Total , , , , , Fact Book 1999