XN000022-1994-12-12 — Page 9

Tender for 2nd issue of 5-year Exchange Fund Notes next Monday

The Hong Kong Monetary Authority announces today (Monday) that the tender for the second issue of 5-year Exchange Fund Notes will be held next Monday (December 19) for settlement the following day (Tuesday, December 20).

Similar to the previous issue, an amount of $500 million 5-year Notes will be

on offer.

In addition to that, another $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 December 20, 1999 and will carry interest at the rate of 8.15 per cent per annum payable semi-annually in arrears.

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 30th floor, 3 Garden Road, Hong Kong (or telephone 878 8150).

Each tender must be for an amount of $50,000 or integral multiples thereof.

Following is the tender information:

Issue Number

: 5912

Tender Date and Time

: Monday 19 December 1994, 9.30 am to 10.30 am

Issue and Settlement Date: Tuesday 20 December 1994

Amount on Offer

Maturity

Maturity Date

Interest Rate

: HK$ 500 million plus an additional HK$ 100 million as reserve stock for the Monetary Authority

: Five years

: 20 December 1999

: 8.15% per annum payable semi-annually in arrears

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