The Hong Kong Monetary Authority announces that the tender for the ninth issue of 7-year Exchange Fund Notes will be held on Monday, 24 November 1997 for settlement on Tuesday, 25 November 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 November 2004 and will carry interest at the rate of 7.8% 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 November 1997
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HONG KONG MONETARY AUTHORITY EXCHANGE FUND NOTE PROGRAMME TENDER INFORMATION
Tender information for the ninth issue of 7-Year Exchange Fund Notes :-
| Issue Number : | 7411 |
| Tender Date and Time : | Monday 24 November 1997, 9:30 a.m. to 10:30 a.m. |
| Issue and Settlement Date : | Tuesday 25 November 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 November 2004 |
| Interest Rate : | 7.8% per annum payable semi annually in arrears |
| Interest Payment Dates : | 25 May 1998, 25 Nov 1998, 25 May 1999, 25 Nov 1999, 25 May 2000, 27 Nov 2000, 25 May 2001, 26 Nov 2001, 27 May 2002, 25 Nov 2002, 26 May 2003, 25 Nov 2003, 25 May 2004, 25 Nov 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 November 1997