The Hong Kong Monetary Authority announces that the tender for the seventh issue of 7-year Exchange Fund Notes will be held on Monday, 26 May 1997 for settlement on Tuesday, 27 May 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 27 May 2004 and will carry interest at the rate of 6.94% 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
19 May 1997
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
Tender information for the seventh issue of 7-Year Exchange Fund Notes :-
Issue Number : 7405
Tender Date and Time : Monday 26 May 1997,
9:30 a.m. to 10:30 a.m.
Issue and Settlement Date : Tuesday 27 May 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 : 27 May 2004
Interest Rate : 6.94% per annum payable
semi annually in arrears
Interest Payment Dates : 27 Nov 1997, 27 May 1998,
27 Nov 1998, 27 May 1999,
29 Nov 1999, 29 May 2000,
27 Nov 2000, 28 May 2001,
27 Nov 2001, 27 May 2002,
27 Nov 2002, 27 May 2003,
27 Nov 2003, 27 May 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
19 May 1997