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The MTRC notes, which are denominated in $50,000, will be cleared through the Central Money Markets Unit and will qualify as eligible securities for repo under the liquidity adjustment facility operated by HKMA.
MTRC will use the proceeds for general working capital, debt refinancing and other corporate requirements.
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, or telephone 2878 8150. Each tender must be for an amount of $50,000 or integral multiple thereof.
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Youth talents exhibition to be held
A two-day exhibition of the winning entries of the Hong Kong Youth Cultural and Arts Competitions will be held at the Exhibition Hall, Lower Block, City Hall, from tomorrow (Saturday).
On display are winning entries by local young people in various contests, including calligraphy, writing, painting, photography and paper clay modelling.
Video tapes showing some of the outstanding performances by contestants in the inter-school quiz and speech contests will also be screened at the venue. Renowned artists will be invited to demonstrate their talents and their work will be given to visitors.
The exhibition will open from 2.30 pm to 6 pm on Saturday and from 11 am to 6 pm on Sunday. Admission is free.
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