Tender for the Fifteenth Issue of 3-Year Exchange Fund Notes to be held on Monday, 14 April 1997

Press Releases

07 Apr 1997

Tender for the Fifteenth Issue of 3-Year Exchange Fund Notes to be held on Monday, 14 April 1997

The Hong Kong Monetary Authority announces that the tender for the fifteenth issue of 3-year Exchange Fund Notes will be held on Monday, 14 April 1997 for settlement on Tuesday, 15 April 1997.

Similar to the previous issue, an amount of HK$500 million 3-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 17 April 2000 and will carry interest at the rate of 6.50% 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
7 April 1997

HONG KONG MONETARY AUTHORITY EXCHANGE FUND NOTE PROGRAMME TENDER INFORMATION

Tender information for the fifteenth issue of 3-Year Exchange Fund Notes :-

Issue Number : 3004
Tender Date and Time: Monday 14 April 1997, 9:30 a.m. to 10:30 a.m.
Issue and Settlement Date : Tuesday 15 April 1997
Amount on Offer : HK$500 million plus an additional HK$100 million as reserve stock for the Monetary Authority
Maturity : Three years
Maturity Date : 17 April 2000
Interest Rate : 6.50% per annum payable semi-annually in arrears
Interest Payment Dates : 15 Oct 1997, 15 Apr 1998,
15 Oct 1998, 15 Apr 1999,
15 Oct 1999, 17 Apr 2000
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

7 April 1997

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Last revision date : 07 April 1997