Tender for the Twenty-Ninth Issue of 2-Year Exchange Fund Notes to be held on Wednesday, 10 May 2000

Press Releases

03 May 2000

Tender for the Twenty-Ninth Issue of 2-Year Exchange Fund Notes to be held on Wednesday, 10 May 2000

The Hong Kong Monetary Authority (HKMA) announces that the tender for the twenty-ninth issue of 2-year Exchange Fund Notes will be held on Wednesday 10 May 2000 for settlement on Friday 12 May 2000.

An amount of HK$600 million 2-year Notes will be on offer. The Notes will mature on 13 May 2002 and will carry interest at the rate of 6.55% 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.hkma.gov.hk. They may also submit their tender applications through brokers who are Exchange Participants 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

3 May 2000

HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION

______________________________________________________

Tender information for the twenty-ninth issue of 2-Year Exchange Fund Notes :-

Issue Number           : 2205

Stock code             : 4067 (EFN6.55 0205)

Tender Date            : Wednesday, 10 May 2000

and Time                 9:30 a.m. to 10:30 a.m.

Issue and Settlement   : Friday, 12 May 2000

Date

Amount on Offer        : HK$600 million

Maturity               : Two years

Maturity Date          : 13 May 2002

Interest Rate          : 6.55% per annum payable

                         semi-annually in arrears

Interest Payment Dates : 13 Nov 2000,

                         14 May 2001,

                         12 Nov 2001,

                         13 May 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

                         Exchange Participants 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

                         Exchange Participants of the

                         Stock Exchange of Hong Kong

Expected commencement  : 15 May 2000

date of dealing on

the Stock Exchange

of Hong Kong

Hong Kong Monetary Authority
3 May 2000

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Last revision date : 03 May 2000