The home, which has started operation since July this year, provides residential and care services for 200 elderly people. It will be named after the late Yu Chun Keung, father of Mr David Yu and his brother, Dr Yu Chi-chiu, and their sisters. Construction of the complex including this subvented home costs $290 million.
The Director of Social Welfare. Mr Jan Strachan, who arranged for the donation, praised the Yu family and the trust for their very generous support to this worthy project.
End
Tender for the sixth issue of 5-year exchange fund notes
The Hong Kong Monetary Authority (HKMA) announces Today (Monday) that tender for the sixth issue of 5-year exchange fund notes will be held on December 18 for settlement on December 19.
Similar to the previous issue, an amount of $500 million 5-year notes will be on offer. In addition to that, another $100 million will be held as reserve by HKMA for supply to market makers in the secondary market.
The notes will mature on December 19, 2000, and will carry interest at the rate of 6.38% 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 30th floor, 3 Garden Road, Hong Kong, Tel 2878 8150.
notes:
Each tender must be for an amount of $50,000 or integral multiples thereof.
Following is the tender information for the sixth issue of 5-year exchange fund
Issue Number
: 5012
Tender Date and Time
: Monday December 18, 1995
9.30 am to 10.30 am
H