Tender for the Sixth Issue of 10-Year Exchange Fund Notes to be held on Monday, 19 January 1998

Press Releases

13 Jan 1998

Tender for the Sixth Issue of 10-Year Exchange Fund Notes to be held on Monday, 19 January 1998

The Hong Kong Monetary Authority announces that the tender for the sixth issue of 10-year Exchange Fund Notes will be held on Monday, 19 January 1998 for settlement on Tuesday, 20 January 1998.

An amount of HK$500 million 10-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 21 January 2008 and will carry interest at the rate of 9.89% 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
13 January 1998

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HONG KONG MONETARY AUTHORITY EXCHANGE FUND NOTE PROGRAMME TENDER INFORMATION

Tender information for the sixth issue of 10-Year Exchange Fund Notes :-

Issue Number : 1801
Tender Date and Time : Monday 19 January 1998
9:30 a.m. to 10:30 a.m.
Issue and Settlement Date : Tuesday 20 January 1998
Amount on Offer : HK$500 million plus an additional HK$100 million as reserve stock for the Monetary Authority
Maturity : Ten years
Maturity Date : 21 January 2008
Interest Rate : 9.89% per annum payable semi annually in arrears
Interest Payment Dates : 20 Jul 1998, 20 Jan 1999,
20 Jul 1999, 20 Jan 2000,
20 Jul 2000, 22 Jan 2001,
20 Jul 2001, 21 Jan 2002,
22 Jul 2002, 20 Jan 2003,
21 Jul 2003, 20 Jan 2004,
20 Jul 2004, 20 Jan 2005,
20 Jul 2005, 20 Jan 2006,
20 Jul 2006, 22 Jan 2007,
20 Jul 2007, 21 Jan 2008
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
13 January 1998

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Last revision date : 13 January 1998