Hong Kong Monetary Authority - Tender for the Eleventh Issue of 7-Year Exchange Fund Notes to be held on Monday, 25 May 1998

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18 May 1998

Tender for the Eleventh Issue of 7-Year Exchange Fund Notes to be held on Monday, 25 May 1998

The Hong Kong Monetary Authority announces that the tender for the eleventh issue of 7-year Exchange Fund Notes will be held on Monday, 25 May 1998 for settlement on Tuesday, 26 May 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 26 May 2005 and will carry interest at the rate of 8.65% 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
18 May 1998

HONG KONG MONETARY AUTHORITY EXCHANGE FUND NOTE PROGRAMME TENDER INFORMATION

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

Issue Number :	7505
Tender Date and Time :	Monday 25 May 1998, 9:30 a.m. to 10:30 a.m.
Issue and Settlement Date :	Tuesday 26 May 1998
Amount on Offer :	HK$500 million plus an additional HK$100 million as reserve stock for the Monetary Authority
Maturity :	Seven years
Maturity Date :	26 May 2005
Interest Rate :	8.65% per annum payable semi annually in arrears
Interest Payment Dates :	26 Nov 1998, 26 May 1999, 26 Nov 1999, 26 May 2000, 27 Nov 2000, 28 May 2001, 26 Nov 2001, 27 May 2002, 26 Nov 2002, 26 May 2003, 26 Nov 2003, 26 May 2004, 26 Nov 2004, 26 May 2005
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
18 May 1998

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