XN000022-1995-05-08 — Page 19

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In addition to that, another HK$100 million will be held as reserve by the HKMA for supply to Market Makers in the secondary market.

The notes will mature on May 16, 1997 and will carry interest at the rate of 6.40 per cent 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 on 30th floor, 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 ninth issue of 2-Year Exchange Fund Notes:-

Issue Number

: 2705

Tender Date and Time

: Monday 15 May 1995, 9.30 am to 10.30 am

Issue and Settlement Date: Tuesday 16 May 1995

Amount on Offer

Maturity

Maturity Date

Interest Rate

Interest Payment Dates

Tender Amount

Other details

End/Monday, May 8, 1995

: HK$500 million plus an additional HK$100 million as

reserve stock for the Monetary Authority

: Two years

: 16 May 1997

: 6.40% per annum payable semi-annually in arrears

: 16 Nov 1995, 16 May 1996 18 Nov 1996, 16 May 1997

: 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.