Tender for the 6th Issue of 7-year Exchange Fund Notes

Press Releases

17 Feb 1997

Tender for the 6th Issue of 7-year Exchange Fund Notes

The Hong Kong Monetary Authority announces that the tender for the sixth issue of 7-year Exchange Fund Notes will be held on Monday, 24 February 1997 for settlement on Tuesday, 25 February 1997.

An amount of HK$500 million 7-year Notes will be offered. 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 25 February 2004 and will carry interest at the rate of 6.46% per annum payable semi-annually in arrears. Terms and conditions of the issue are described fully in the Information Memorandum.

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
17 February 1997

HONG KONG MONETARY AUTHORITY EXCHANGE FUND NOTE PROGRAMME TENDER INFORMATION

Tender information for the sixth issue of 7-Year Exchange Fund Notes :-

Issue Number : 7402
Tender Date and Time: Monday 24 February 1997, 9:30 a.m. to 10:30 a.m.
Issue and Settlement Date : Tuesday 25 February 1997
Amount on Offer : HK$500 million plus an additional HK$100 million as reserve stock for the Monetary Authority
Maturity : Seven years
Maturity Date : 25 February 2004
Interest Rate : 6.46% per annum payable semi-annually in arrears
Interest Payment Dates : 25 Aug 1997, 25 Feb 1998,
25 Aug 1998, 25 Feb 1999,
25 Aug 1999, 25 Feb 2000,
25 Aug 2000, 26 Feb 2001,
27 Aug 2001, 25 Feb 2002,
26 Aug 2002, 25 Feb 2003,
25 Aug 2003, 25 Feb 2004
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


17 February 1997

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Last revision date : 17 February 1997