Press Releases
Tender for the Sixteenth Issue of 5-Year Exchange Fund Notes
The Hong Kong Monetary Authority announces that the tender for the sixteenth issue of 5-year Exchange Fund Notes will be held on Monday, 15 June 1998 for settlement on Tuesday, 16 June 1998.
Similar to the previous issue, an amount of HK$500 million 5-year Notes will be on offer. In addition to that, another HK$100 million will be held as reserve by the Hong Kong Monetary Authority for supply to Market Makers in the secondary market. The Notes will mature on 16 June 2003 and will carry interest at the rate of 9.20% per annum payable semi-annually in arrears.
Members of the public who wish to tender for the Notes may do so through any of the Market Makers or Recognized Dealers on the published list which can be obtained from the Hong Kong Monetary Authority at 30/F, 3 Garden Road, Hong Kong (or telephone 2878 8150). Each tender must be for an amount of HK$50,000 or integral multiples thereof.
Hong Kong Monetary Authority
8 Jun 1998
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HONG KONG MONETARY AUTHORITY EXCHANGE FUND NOTE PROGRAMME TENDER INFORMATION
Tender information for the sixteenth issue of 5-Year Exchange Fund Notes :-
| Issue Number : | 5306 |
| Tender Date and Time : | Monday 15 June 1998 9:30 a.m. to 10:30 a.m. |
| Issue and Settlement Date : | Tuesday 16 June 1998 |
| Amount on Offer : | HK$500 million plus an additional HK$100 million as reserve stock for the Monetary Authority |
| Maturity : | Five years |
| Maturity Date : | 16 June 2003 |
| Interest Rate : | 9.20% per annum payable semi-annually in arrears |
| Interest Payment Dates : | 16 Dec 1998, 16 Jun 1999, 16 Dec 1999, 16 Jun 2000, 18 Dec 2000, 18 Jun 2001, 17 Dec 2001, 17 Jun 2002, 16 Dec 2002, 16 Jun 2003 |
| Tender Amount : | Each tender must be for an amount of HK$50,000 or integral multiples thereof. Members of the public who wish to tender for the Notes may approach Market Makers or Recognized Dealers on the published list |
| Other details : | Please see Information Memorandum published or approach Market Makers or Recognized Dealers |
Hong Kong Monetary Authority
8 Jun 1998