Tender for the Twentieth Issue of 3-Year Exchange Fund Notes to be held on Monday, 20 July 1998

Press Releases

13 Jul 1998

Tender for the Twentieth Issue of 3-Year Exchange Fund Notes to be held on Monday, 20 July 1998

The Hong Kong Monetary Authority announces that the tender for the twentieth issue of 3-year Exchange Fund Notes will be held on Monday, 20 July 1998 for settlement on Tuesday, 21 July 1998.

Similar to the previous issue, an amount of HK$500 million 3-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 23 July 2001 and will carry interest at the rate of 9.72% 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
13 July 1998

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HONG KONG MONETARY AUTHORITY EXCHANGE FUND NOTE PROGRAMME TENDER INFORMATION

Tender information for the twentieth issue of 3-Year Exchange Fund Notes :-

Issue Number : 3107
Tender Date and Time : Monday 20 July 1998
9:30 a.m. to 10:30 a.m.
Issue and Settlement Date : Tuesday 21 July 1998
Amount on Offer : HK$500 million plus an additional HK$100 million as reserve stock for the Monetary Authority
Maturity : Three years
Maturity Date : 23 July 2001
Interest Rate : 9.72% per annum payable semi-annually in arrears
Interest Payment Dates : 21 Jan 1999, 21 Jul 1999,
21 Jan 2000, 21 Jul 2000,
22 Jan 2001, 23 Jul 2001
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 July 1998

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Last revision date : 13 July 1998