XN000022-1995-09-11 — Page 8

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Tender for the 5th issue of 5-year EF notes

The Hong Kong Monetary Authority announces today (Monday) that the tender for the fifth issue of 5-year Exchange Fund Notes will be held on September 18 for settlement on September 19.

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 September 19, 2000, and will carry interest at the rate of 6.95% 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 Tel 2878 8150). Each tender must be for an amount of $50,000 or integral multiples thereof.

Tender information for the fifth issue of 5-Year Exchange Fund Notes:

Issue Number

: 5009

Tender Date and Time

: Monday 18 September 1995, 9.30 am to 10.30 am

Issue and Settlement Date: Tuesday 19 September 1995

Amount on Offer

Maturity

Maturity Date

Interest Rate

Interest Payment Dates

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

stock for the Monetary Authority

: Five years

: 19 September 2000

: 6.95% per annum payable semi-annually in arrears

: 19 Mar 1996, 19 Sept 1996,

19 Mar 1997, 19 Sept 1997,

19 Mar 1998, 21 Sept 1998, 19 Mar 1999, 20 Sept 1999, 20 Mar 2000, 19 Sept 2000