-
12 -
Amount on offer
Maturity
Maturity date
Interest rate
Interest Payment Dates
Tender amount
: $500 million plus an additional $100 million as reserve
stock for the Monetary Authority
: Seven years
: May 28, 2003
: 7.60% per annum payable semi annually in arrears
: Nov 28, 1996, May 28, 1997, Nov 28, 1997, May 28, 1998, Nov 30, 1998, May 28, 1999, Nov 29, 1999, May 29, 2000, Nov 28, 2000, May 28, 2001, Nov 28, 2001, May 28, 2002, Nov 28, 2002, May 28, 2003
: Each tender must be for an amount of $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
Other details
: Please see Information Memorandum published or
approach market makers or recognised dealers
End
Hong Kong Monetary Authority money market operations
Cumulative
Time
$ million (hours)
change ($million)
Opening balance in the account
2,082
0930
-119
Closing balance in the account
1,961
1000
-119
Change attributable to:
1100
-119
Money market activity
-121
1200
-119
LAF today
NIL
1500
-119
1600
-121
LAF rate 4.00% bid/6.00% offer TWI 124.0 *+0.2* 20.5.96