MONDAY, OCTOBER 17, 1994
TENDER FOR 5TH ISSUE OF 3-YEAR EXCHANGE FUND NOTES
FOR
THE HONG KONG MONETARY AUTHORITY ANNOUNCES THAT THE TENDER THE FIFTH ISSUE OF THREE-YEAR EXCHANGE FUND NOTES WILL BE HELD ON MONDAY (OCTOBER 24) FOR SETTLEMENT ON TUESDAY (OCTOBER 25).
SIMILAR TO
HK$500 MILLION ANOTHER HK$100 THE HONG KONG
THE PREVIOUS ISSUE, AN AMOUNT OF THREE-YEAR EXCHANGE FUND NOTES WILL BE ON OFFER. MILLION FOR EACH ISSUE WILL BE HELD AS RESERVE BY MONETARY AUTHORITY FOR SUPPLY TO MARKET MAKERS IN THE SECONDARY MARKET.
THE NOTES WILL MATURE ON OCTOBER 27, 1997 AND WILL CARRY INTEREST AT THE RATE OF 7.25 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 30TH FLOOR, 3 GARDEN ROAD, HONG KONG (OR TELEPHONE 878 8150). EACH TENDER MUST BE FOR AN AMOUNT OF HK$50,000 OR INTEGRAL MULTIPLES THEREOF.
TERMS AND CONDITIONS OF THE ISSUE ARE:
ISSUE NUMBER
TENDER DATE AND TIME
3710
MONDAY 24 OCT 1994,
9.30 AM TO 10.30 AM
ISSUE AND SETTLEMENT DATE : AMOUNT ON OFFER
TUESDAY 25 OCT 1994
:
HK$500 MILLION PLUS AN ADDITIONAL
HK$100 MILLION AS RESERVE STOCK
FOR THE MONETARY AUTHORITY
MATURITY
:
THREE YEARS
MATURITY DATE
:
27 OCT 1997
INTEREST RATE
:
7.25% PER ANNUM PAYABLE
SEMI-ANNUALLY IN ARREARS
INTEREST PAYMENT DATES
:
APR 25 1995, OCT 25 1995 APR 25 1996, OCT 25 1996 APR 25 1997, OCT 27 1997
TENDER AMOUNT
:
OTHER DETAILS
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
: PLEASE SEE INFORMATION MEMORANDUM PUBLISHED OR APPROACH MARKET MAKERS OR RECOGNISED DEALERS
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