Tender for the Twenty-fifth Issue of 3-Year Exchange Fund Notes to be held on Thursday, 14 October 1999

The Hong Kong Monetary Authority (HKMA) announces that the tender for the twenty-fifth issue of 3-year Exchange Fund Notes will be held on Thursday 14 October 1999 for settlement on Friday 15 October 1999.

An amount of HK$600 million 3-year Notes will be on offer. The Notes will mature on 15 October 2002 and will carry interest at the rate of 6.42% 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 Recognised Dealers on the published list, which can be obtained from HKMA at 30/F, 3 Garden Road, Hong Kong (telephone 2878 8150)or from the HKMA's website at http://www.info.gov.hk/hkma. They may also submit their tender applications through brokers who are members of the Stock Exchange of Hong Kong (SEHK) via Hong Kong Securities Clearing Company Limited (HKSCC) or, for those who hold Investor Accounts at HKSCC, directly through HKSCC. HKSCC will collect tender applications from its participants and submit them to the HKMA for processing. Each tender must be for an amount of HK$50,000 or integral multiples thereof.

The tender results will be published on the Reuters screen (HKMAOOE), Bloomberg, the Telerate screen (9913), the Bridge News screen and CCASS terminal for CCASS Broker/Custodian/Participants. CCASS Investor Participants can also enquire about the tender results through the CCASS Phone System.

Hong Kong Monetary Authority
7 October 1999

HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION

_______________________________________________________________

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

Issue Number           : 3210

Stock code             : 4059 (EFN 6.42 0210)

Tender Date            : Thursday, 14 October 1999
and Time                 9:30 a.m. to 10:30 a.m.

Issue and Settlement   : Friday, 15 October 1999
Date

Amount on Offer        : HK$600 million

Maturity               : Three years

Maturity Date          : 15 October 2002

Interest Rate          : 6.42% per annum payable
                         semi-annually in arrears

Interest Payment Dates : 17 Apr 2000,
                         16 Oct 2000,
                         16 Apr 2001,
                         15 Oct 2001,
                         15 Apr 2002,
                         15 Oct 2002,

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
                         Recognised Dealers on the
                         published list, Hong Kong
                         Securities Clearing Company
                         Limited, or brokers who are
                         members of the Stock Exchange
                         of Hong Kong

Other details          : Please see Information
                         Memorandum published or
                         approach Market Makers,
                         Recognised Dealers, Hong Kong
                         Securities Clearing Company
                         Limited, or brokers who are
                         members of the Stock Exchange
                         of Hong Kong

Expected commencement  : 19 October 1999
date of dealing on
the Stock Exchange
of Hong Kong

 

Hong Kong Monetary Authority
7 October 1999