The Hong Kong Monetary Authority announces that the tender for the eighth issue of 7-year Exchange Fund Notes will be held on Monday, 25 August 1997 for settlement on Tuesday, 26 August 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 26 August 2004 and will carry interest at the rate of 7.00% 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 August 1997
HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION
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Tender information for the eighth issue of 7-Year Exchange Fund Notes :-
| Issue Number : | 7408 |
| Tender Date and Time: | Monday 25 August 1997, 9:30 a.m. to 10:30 a.m. |
| Issue and Settlement Date : | Tuesday 26 August 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 : | 26 August 2004 |
| Interest Rate : | 7.00% per annum payable semi-annually in arrears |
| Interest Payment Dates : | 26 Feb 1998, 26 Aug 1998, 26 Feb 1999, 26 Aug 1999, 28 Feb 2000, 28 Aug 2000, 26 Feb 2001, 27 Aug 2001, 26 Feb 2002, 26 Aug 2002, 26 Feb 2003, 26 Aug 2003, 26 Feb 2004, 26 Aug 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 August 1997