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Tender for the 13th issue of 3-year exchange fund notes
Tender for the thirteenth issue of 3-year exchange fund notes will be held on October 14 for settlement on October 15, the Hong Kong Monetary Authority (HKMA) announces today (Monday).
offer.
Similar to the previous issue, an amount of $500 million 3-year notes will be on
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 October 15, 1999, and will carry interest at the rate of 6.28% 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. Each tender must be for an amount of $50,000 or integral multiples thereof.
Tender information for the thirteenth issue of 3-year exchange fund notes is as
follows:
Issue number
Tender date and time
3910
Monday October 14, 1996, 9.30 am to 10.30 am
Issue and settlement date
:
Tuesday October 15, 1996
Amount on offer
:
$500 million plus an additional $100 million
as reserve stock for the Monetary Authority
Maturity
:
Three years
Maturity date
:
October 15, 1999
Interest rate
6.28% per annum payable semi-annually in arrears
Interest payment dates
Apr 15, 1997, Oct 15, 1997, Apr 15, 1998, Oct 15, 1998,
Apr 15, 1999, Oct 15, 1999