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HONG KONG MONETARY AUTHORITY EXCHANGE FUND NOTE PROGRAMME TENDER INFORMATION

Tender information for the tenth issue of 5-Year Exchange Fund Notes:-

Issue Number

: 5112

Tender Date and Time

: Monday 16 December 1996,

9:30 a.m. to 10:30 a.m.

Issue and Settlement Date: Tuesday 17 December 1996

Amount on Offer

Maturity

Maturity Date

Interest Rate

Interest Payment Dates

Tender Amount

Other details

: HK$500 million plus an additional HK$100 million as

reserve stock for the Monetary Authority

: Five years

: 17 December 2001

: 6.57% per annum payable semi-annually in arrears

: 17 Jun 1997, 17 Dec 1997,

17 Jun 1998, 17 Dec 1998,

17 Jun 1999, 17 Dec 1999, 19 Jun 2000, 18 Dec 2000,

18 Jun 2001, 17 Dec 2001

: Each tender must be for an amount of HK$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.

: Please see Information Memorandum published or approach Market Makers or Recognised Dealers.

End

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