Exchange Fund Notes Information for Investors

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

Last revision date : 26 August 2019