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Tender for the third issue of 10-year Exchange Fund Notes
The Hong Kong Monetary Authority announces that the tender for the third issue of 10-year Exchange Fund Notes will be held on next Monday (April 28) for settlement on April 29 (Tuesday).
An amount of HK$500 million 10-year Notes will be offered. 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 April 30, 2007 and will carry interest at the rate of 7.45% per annum payable semi-annually in arrears. Terms and conditions of the issue are described fully in the Information Memorandum.
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 the Hong Kong Monetary Authority at 30/F, 3 Garden Road, Hong Kong (or telephone 2878 8150). Each tender must be for an amount of HK$50,000 or integral multiples thereof.
Hong Kong Monetary Authority Exchange Fund Note Programme tender information
Tender information for the third issue of 10-year Exchange Fund Notes:-
Issue Number
: 1704
Tender Date and Time
Issue and Settlement Date
Amount on Offer
Maturity
Maturity Date
Interest Rate
: Monday 28 April 1997,
9:30 am to 10:30 am
: Tuesday 29 April 1997
: HK$500 million plus an additional HK$100 million as reserve stock for the Monetary Authority
: Ten years
: 30 April 2007
: 7.45% per annum payable semi annually in
arrears