Key information of Exchange Fund Notes
Issuer |
The Hong Kong Special Administrative Region Government for the account of the Exchange Fund |
Currency |
Hong Kong dollar |
Method of Sale |
By competitive tender on a bid-price basis or by non-competitive tender, in each case subject to a minimum bid of HK$50,000 |
Interest |
Fixed interest rate announced in advance of each tender |
Interest payment frequency (day count) |
Semi-annually (Actual/365) |
Redemption |
The Notes will be redeemed at par upon maturity |
Taxation |
The Notes are exempt from profits tax and stamp duty in Hong Kong |