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HONG KONG MONETARY AUTHORITY EXCHANGE FUND NOTE PROGRAMME TENDER INFORMATION

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

Issue Number

Tender Date and Time

Issue and Settlement Date

Amount on Offer

Maturity

Maturity Date

Interest Rate

Interest Payment Dates

Tender Amount

Other details

: 5203

: Monday 17 March 1997, 9:30 a.m. to 10:30 a.m.

: Tuesday 18 March 1997

: HK$500 million plus an additional HK$100

million as reserve stock for the Monetary Authority

:

Five years

: 18 March 2002

: 6.55% per annum payable semi-annually in arrears

: 18 Sept 1997, 18 Mar 1998,

18 Sept 1998, 18 Mar 1999,

20 Sept 1999, 20 Mar 2000,

18 Sept 2000, 19 Mar 2001,

18 Sept 2001, 18 Mar 2002

: 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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