XN000022-1984-04-09 — Page 6

APRIL 9, 1984

MONDAY, APRIL 9,

ISSUE PRICE OF GOVERNMENT BONDS ANNOUNCED

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A GOVERNMENT SPOKESMAN ANNOUNCED THIS (MONDAY) EVENING THAT THE ISSUE PRICE OF THE 10 PER CENT PER ANNUM GOVERNMENT BONDS HAD BEEN FIXED AT $50 250.

ALL VALID TENDERS PRICED ABOVE $50 250 WILL RECEIVE THE NUMBER OF BONDS THEY APPLIED FOR, HE NOTED.

THE SPOKESMAN POINTED OUT THAT THE BOND ISSUE WAS OVER- SUBSCRIBED BY ABOUT TWO AND A HALF TIMES IN TERMS OF THE AMOUNT TENDERED.

TENDERS PRICED AT $50 250 EXCEEDED THE NUMBER OF BONDS AVAILABLE AT THE PRICE, AND THEREFORE THE ALLOCATION OF THESE TENDERS WILL BE APPROXIMATELY 60 PER CENT OF THE NUMBER OF BONDS APPLIED FOR.

THE SPOKESMAN EXPECTED THAT THE LETTERS OF ALLOTMENT WILL BE SENT TO THE SUCCESSFUL TENDERERS ON WEDNESDAY (APRIL 11).

ALL SUCCESSFUL TENDERERS WILL PAY $50 250 FOR EACH BOND. WHERE THE AMOUNT SUBMITTED WITH THE TENDER EXCEEDS THE AMOUNT DUE, THE BALANCE WILL BE REFUNDED BY CHEQUE.

THE CHEQUES OF TENDERERS WHO OFFERED LESS THAN $50 250 FOR EACH BOND WILL BE RETURNED TO THEM BY POST AS SOON AS POSSIBLE.

NOTE TO EDITORS:

GOVERNOR LEAVING FOR PEKING TOMORROW

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THE GOVERNOR, SIR EDWARD YOUDE, LEAVES HONG KONG TOMORROW (TUESDAY) TO CONTINUE TO TAKE PART IN THE SINO-BRITISH TALKS ON THE FUTURE OF HONG KONG.

SIR EDWARD WILL BE TRAVELLING ON FLIGHT CA 106, ETD 1.50 PM.

A FACILITY HAS BEEN ARRANGED FOR MEDIA PHOTOGRAPHERS AND CAMERAMEN TO COVER SIR EDWARD'S DEPARTURE. THOSE ASSIGNED TO COVER THE EVENT SHOULD ASSEMBLE IN THE AIRPORT PRESS CONFERENCE ROOM NOT LATER THAN 12.30 PM.

GIS OFFICERS WILL BE ON HAND TO ASSIST.