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Tender for 15th issue of 2-year Exchange Fund Notes
The Hong Kong Monetary Authority announced today (Monday) that the tender for the 15th issue of 2-year Exchange Fund Notes would be held on Monday, November 11, 1996 for settlement on Tuesday, November 12, 1996.
Similar to the previous issue, an amount of HK$500 million 2-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 12, 1998 and will carry interest at the rate of 5.72% 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 Recognized 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 15th issue of 2-year Exchange Fund Notes is as
follows:
Issue Number
:
: 2811
Tender Date and Time
:Monday, 11 November 1996,
9.30 am to 10.30 am
Issue and Settlement Date: Tuesday, 12 November 1996
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
: 12 November 1998
: 5.72% per annum payable semi-annually in arrears
: 12 May 1997, 12 Nov 1997,
12 May 1998, 12 Nov 1998