Tender for the Twenty-Second Issue of 2-Year Exchange Fund Notes to be held on Monday, 10 August 1998

The Hong Kong Monetary Authority announces that the tender for the twenty-second issue of 2-year Exchange Fund Notes will be held on Monday, 10 August 1998 for settlement on Tuesday, 11 August 1998.

Similar to the previous issue, an amount of HK$500 million 2-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 11 August 2000 and will carry interest at the rate of 9.32% 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
3 August 1998

_______________________________________________________________

HONG KONG MONETARY AUTHORITY EXCHANGE FUND NOTE PROGRAMME TENDER INFORMATION

Tender information for the Twenty-Second issue of 2-Year Exchange Fund Notes :-

Hong Kong Monetary Authority
3 Aug 1998