MONDAY, MAY 10, 1993
1
TENDER FOR FIRST ISSUE OF EXCHANGE FUND NOTES
THAT
THE HONG KONG MONETARY AUTHORITY ANNOUNCED TODAY (MONDAY) THE TENDER FOR THE FIRST ISSUE OF EXCHANGE FUND NOTES WILL BE HELD NEXT MONDAY (MAY 17) FOR SETTLEMENT ON TUESDAY (MAY 18).
AS ANNOUNCED IN THE BUDGET SPEECH BY THE FINANCIAL SECRETARY, THE GOVERNMENT BOND PROGRAMME WOULD BE REPLACED BY AN NOTE PROGRAMME.
EXCHANGE FUND
SIMILAR TO PREVIOUS ISSUES OF GOVERNMENT BONDS, AN AMOUNT OF HK$500 MILLION TWO-YEAR EXCHANGE FUND NOTES WILL BE ON OFFER.
IN ADDITION TO THAT, ANOTHER HK$100 MILLION WILL BE HELD AS RESERVE BY THE HONG KONG MONETARY AUTHORITY FOR SUPPLY TO MARKET MAKERS IN THE SECONDARY MARKET.
CARRY
THE NOTES WILL MATURE ON THURSDAY, MAY 18, 1995 AND WILL INTEREST AT THE RATE OF 3,75 PER CENT 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 THE HONG KONG MONETARY AUTHORITY ON 24TH FLOOR, ADMIRALTY CENTRE, TOWER II, 18 HARCOURT ROAD, HONG KONG (OR TELEPHONE 528 9110).
EACH TENDER MUST BE FOR AN AMOUNT OF HK$50,000 OR INTEGRAL MULTIPLES THEREOF.
HONG KONG