Tender for the Thirtieth Issue of 2-Year Exchange Fund Notes to be held on Thursday, 10 August 2000

Press Releases

03 Aug 2000

Tender for the Thirtieth Issue of 2-Year Exchange Fund Notes to be held on Thursday, 10 August 2000

The Hong Kong Monetary Authority (HKMA) announces that the tender for the thirtieth issue of 2-year Exchange Fund Notes will be held on Thursday 10 August 2000 for settlement on Friday 11 August 2000.

An amount of HK$600 million 2-year Notes will be on offer. The Notes will mature on 12 August 2002 and will carry interest at the rate of 6.20% 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 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 August 2000

HONG KONG MONETARY AUTHORITY
EXCHANGE FUND NOTE PROGRAMME
TENDER INFORMATION

______________________________________________________

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

Issue Number           : 2208

Stock code             : 4071 (EFN6.20  0208)

Tender Date            : Thursday, 10 August 2000
and Time                 9:30 a.m. to 10:30 a.m.

Issue and Settlement   : Friday, 11 August 2000
Date

Amount on Offer        : HK$600 million

Maturity               : Two years

Maturity Date          : 12 August 2002

Interest Rate          : 6.20% per annum payable
                         semi-annually in arrears

Interest Payment Dates : 12 Feb 2001,
                         13 Aug 2001,
                         11 Feb 2002,
                         12 Aug 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  : 14 August 2000
date of dealing on
the Stock Exchange
of Hong Kong

Hong Kong Monetary Authority
3 August 2000
 
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Last revision date : 03 August 2000