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Tender for the Seventeenth Issue of 2-Year Exchange Fund Notes to be held on Monday, 12 May 1997

Press Releases

05 May 1997

Tender for the Seventeenth Issue of 2-Year Exchange Fund Notes to be held on Monday, 12 May 1997

The Hong Kong Monetary Authority announces that the tender for the seventeenth issue of 2-year Exchange Fund Notes will be held on Monday, 12 May 1997 for settlement on Tuesday, 13 May 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 13 May 1999 and will carry interest at the rate of 6.12% 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
5 May 1997

HONG KONG MONETARY AUTHORITY EXCHANGE FUND NOTE PROGRAMME TENDER INFORMATION

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

Issue Number: 2905
Tender Date and Time: Monday 12 May 1997,
9:30 a.m. to 10:30 a.m.
Issue and Settlement Date : Tuesday 13 May 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: 13 May 1999
Interest Rate: 6.12% per annum payablesemi-annually in arrears
Interest Payment Dates: 13 Nov 1997, 13 May 1998,
13 Nov 1998, 13 May 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
5 May 1997

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Last revision date : 05 May 1997