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Press Releases

Tender for the Sixteenth Issue of 2-Year Exchange Fund Notes to be held on Monday, 10 February 1997

The Hong Kong Monetary Authority announces that the tender for the sixteenth issue of 2-year Exchange Fund Notes will be held on Monday, 10 February 1997 for settlement on Tuesday, 11 February 1997.

Similar to the previous issue, an amount of HK$500 million 2-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 11 February 1999 and will carry interest at the rate of 5.66% 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
28 January 1997

 

HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION

____________________________________________

Tender information for the sixteenth issue of 2-Year Exchange Fund Notes :-

 

Issue Number              : 2902

Tender Date and Time      : Monday 10 February 1997,
                            9:30 a.m. to 10:30 a.m.

Issue and Settlement Date : Tuesday 11 February 1997

Amount on Offer           : HK$500 million plus an
                            additional HK$100 million
                            as reserve stock for the
                            Monetary Authority

Maturity                  : Two years

Maturity Date             : 11 February 1999

Interest Rate             : 5.66% per annum payable
                            semi-annually in arrears 

Interest Payment Dates    : 11 Aug 1997, 11 Feb 1998
                            11 Aug 1998, 11 Feb 1999

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
28 January 1997

Last revision date: 11 August 2011
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