Tender for the Seventh Issue of 10-Year Exchange Fund Notes

Press Releases

20 Apr 1998

Tender for the Seventh Issue of 10-Year Exchange Fund Notes

The Hong Kong Monetary Authority announces that the tender for the seventh issue of 10-year Exchange Fund Notes will be held on Monday, 27 April 1998 for settlement on Tuesday, 28 April 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 28 April 2008 and will carry interest at the rate of 7.70% 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
20 April 1998

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HONG KONG MONETARY AUTHORITY EXCHANGE FUND NOTE PROGRAMME TENDER INFORMATION

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

Issue Number : 1804
Tender Date and Time : Monday 27 April 1998,
9:30 a.m. to 10:30 a.m.
Issue and Settlement Date : Tuesday 28 April 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 : 28 April 2008
Interest Rate : 7.70% per annum payable semi annually in arrears
Interest Payment Dates : 29 Oct 1998, 28 Apr 1999,
28 Oct 1999, 28 Apr 2000,
30 Oct 2000, 30 Apr 2001,
29 Oct 2001, 29 Apr 2002,
28 Oct 2002, 28 Apr 2003,
28 Oct 2003, 28 Apr 2004,
28 Oct 2004, 28 Apr 2005,
28 Oct 2005, 28 Apr 2006,
30 Oct 2006, 30 Apr 2007,
29 Oct 2007, 28 Apr 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
20 April 1998

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Last revision date : 20 April 1998