Tender for the Tenth Issue of 7-Year Exchange Fund Notes to be held on Monday, 23 February 1998

The Hong Kong Monetary Authority announces that the tender for the tenth issue of 7-year Exchange Fund Notes will be held on Monday, 23 February 1998 for settlement on Tuesday, 24 February 1998.

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 24 February 2005 and will carry interest at the rate of 9.20% 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
16 February 1998

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HONG KONG MONETARY AUTHORITY EXCHANGE FUND NOTE PROGRAMME TENDER INFORMATION

Tender information for the tenth issue of 7-Year Exchange Fund Notes :-

Hong Kong Monetary Authority
16 February 1998