XN000022-1975-11-14 — Page 2

FRIDAY, NOVEMBER 14, 1975

TENDERS FOR GOVERNMENT BONDS INVITED .

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THE HONG KONG GOVERNMENT TODAY INVITED TENDERS FOR A MAXIMUM OF $250 MILLION NOMINAL BEARER BONDS IN DENOMINATIONS OF $20,000. INTEREST ON THE BONDS WILL BE .6-1/2 PER CENT

PER ANNUM.

FULL DETAILS OF THE TENDER WERE PUBLISHED IN TODAY'S GAZETTE AND WILL APPEAR IN TOMORROW'S ENGLISH AND CHINESE NEWSPAPERS.

TENDERS FOR THE BONDS MUST BE FOR A MINIMUM OF $20,000 AND IN MULTIPLES OF $20,000. THE LIST WILL OPEN AT 10 Á.M. ON NOVEMBER 24 AND CLOSE AT 1 P.M. THE SAME DAY. LATE TENDERS WILL NOT BE CONSIDERED.

THE TENDERS WILL BE OPENED IMMEDIATELY AFTER THE CLOSING TIME.

IN CONSIDERING TENDERS, THOSE WITH THE HIGHEST OFFERED PRICES WILL BE ACCEPTED UNTIL THE AMOUNT OF BONDS ON OFFER IS ATTAINED. THIS IS SUBJECT TO THE CONDITION THAT THE GOVERNMENT RESERVES THE RIGHT TO ACCEPT OR REJECT ANY OR ALL TENDERS + IN WHOLE OR IN PART+.

NO TENDER WILL BE CONSIDERED WHERE THE PRICE OFFERED IS LESS THAN $98 PER $100. THE ISSUE PRICE WILL BE THE PRICE OF THE LOWEST TENDER OR TENDERS ACCEPTED.

IF, AFTER MAKING ALLOTMENTS TO APPLICANTS TENDERING HIGHER PRICES, TENDERS AT THE ISSUE PRICE EXCEED THE AMOUNT OF BONDS THEN AVAILABLE FOR ALLOTMENT, THE RESIDUE WILL BE ALLOTTED IN SUCH MANNER AS THE FINANCIAL SECRETARY THINKS FIT+,

INTEREST WILL BE PAID HALF YEARLY ON MAY 24 AND NOVEMBER 24 ON THE SURRENDER OF COUPONS AT THE HEAD OFFICE OF THE HONG KONG AND SHANGHAI BANKING CORPORATION,

THE BONDS WILL BE REPAID AT PAR ON NOVEMBER 24, 1980 UNLESS PREVIOUSLY CANCELLED BY PURCHASE ON THE OPEN MARKET OR BY AGREEMENT, OR UNLESS THE PERIOD FOR WHICH THE BONDS ARE ISSUED IS EXTENDED.

AN APPLICATION HAS BEEN MADE TO THE COMMITTEES OF HONG KONG'S FOUR STOCK EXCHANGES FOR PERMISSION TO DEAL IN AND FOR A QUOTATION FOR THE BONDS.

/THE PRINTED