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Tender for the 11th issue of two-year Exchange Fund Notes
The Hong Kong Monetary Authority announced today (Monday) that the tender for the 11th issue of two-year Exchange Fund Notes will be held on Monday, November 13, 1995 for settlement on Tuesday, November 14, 1995.
Similar to the previous issue, an amount of HK$500 million two-year 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. The Notes will mature on November 14, 1997 and will carry interest at the rate of 5.60% 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 at 30th floor, 3 Garden Road, Hong Kong (or telephone 2878 8150). Each tender must be for an amount of HK$50,000 or integral multiples thereof.
Tender information for the 11th issue of 2-Year Exchange Fund Notes is as
follows:
Issue Number
: 2711
Tender Date and Time
: Monday, November 13, 1995, 9.30 am. to 10.30 am
Issue and Settlement Date: Tuesday, November 14, 1995
Amount on Offer
Maturity
Maturity Date
Interest Rate
Interest Payment Dates
: HK$500 million plus an additional HK$100 million as
reserve stock for the Monetary Authority
: Two years
: November 14, 1997
: 5.60% per annum payable semi-annually in arrears
: May 14, 1996, November 14, 1996, May 14, 1997,
November 14, 1997