Tender for the Fourteenth Issue of 5-Year Exchange Fund Notes

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08 Dec 1997

Tender for the Fourteenth Issue of 5-Year Exchange Fund Notes

The Hong Kong Monetary Authority announces that the tender for the fourteenth issue of 5-year Exchange Fund Notes will be held on Monday, 15 December 1997 for settlement on Tuesday, 16 December 1997.

Similar to the previous issue, an amount of HK$500 million 5-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 16 December 2002 and will carry interest at the rate of 8.25% 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
8 December 1997

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HONG KONG MONETARY AUTHORITY EXCHANGE FUND NOTE PROGRAMME TENDER INFORMATION

Tender information for the fourteenth issue of 5-Year Exchange Fund Notes :-

Issue Number : 5212
Tender Date and Time : Monday 15 December 1997,
9:30 a.m. to 10:30 a.m.
Issue and Settlement Date : Tuesday 16 December 1997
Amount on Offer : HK$500 million plus an additional HK$100 million as reserve stock for the Monetary Authority
Maturity : Five years
Maturity Date : 16 December 2002
Interest Rate : 8.25% per annum payable
semi-annually in arrears
Interest Payment Dates : 16 Jun 1998, 16 Dec 1998,
16 Jun 1999, 16 Dec 1999,
16 Jun 2000, 18 Dec 2000,
18 Jun 2001, 17 Dec 2001,
17 Jun 2002, 16 Dec 2002
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
8 December 1997

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Last revision date : 08 December 1997