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Tender for the Twenty-First Issue of 3-Year Exchange Fund Notes to be held on Friday, 23 October 1998

Press Releases

16 Oct 1998

Tender for the Twenty-First Issue of 3-Year Exchange Fund Notes to be held on Friday, 23 October 1998

The Hong Kong Monetary Authority announces that the tender for the twenty-first issue of 3-year Exchange Fund Notes will be held on Friday, 23 October 1998 for settlement on Monday, 26 October 1998.

An amount of HK$600 million 3-year Notes will be on offer. The Notes will mature on 26 October 2001 and will carry interest at the rate of 7.02% 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
16 October 1998

_______________________________________________________________

HONG KONG MONETARY AUTHORITY EXCHANGE FUND NOTE PROGRAMME TENDER INFORMATION

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

Issue Number : 3110
Tender Date and Time : Friday 23 October 1998
9:30 a.m. to 10:30 a.m.
Issue and Settlement Date : Monday 26 October 1998
Amount on Offer : HK$600 million
Maturity : Three years
Maturity Date : 26 October 2001
Interest Rate : 7.02% per annum payable semi-annually in arrears
Interest Payment Dates : 26 Apr 1999, 26 Oct 1999,
26 Apr 2000, 26 Oct 2000,
26 Apr 2001, 26 Oct 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
16 October 1998

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Last revision date : 16 October 1998