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Tender for the Twenty-Third Issue of 2-Year Exchange Fund Notes to be held on Wednesday, 11 November 1998

Press Releases

04 Nov 1998

Tender for the Twenty-Third Issue of 2-Year Exchange Fund Notes to be held on Wednesday, 11 November 1998

The Hong Kong Monetary Authority announces that the tender for the twenty-third issue of 2-year Exchange Fund Notes will be held on Wednesday, 11 November 1998 for settlement on Thursday, 12 November 1998.

An amount of HK$600 million 2-year Notes will be on offer. The Notes will mature on 13 November 2000 and will carry interest at the rate of 6.77% 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
4 November 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 : 2011
Tender Date and Time : Wednesday 11 November 1998,
9:30 a.m. to 10:30 a.m.
Issue and Settlement Date : Thursday, 12 November 1998
Amount on Offer : HK$600 million
Maturity : Two years
Maturity Date : 13 November 2000
Interest Rate : 6.77% per annum payable semi-annually in arrears
Interest Payment Dates : 12 May 1999, 12 Nov 1999,
12 May 2000, 13 Nov 2000
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
4 November 1998

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Last revision date : 04 November 1998