XN000022-1996-04-15 — Page 23

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To commemorate the introduction of phosphorescent-tagged definitive stamps in Hong Kong, a souvenir cover will be issued on April 24. The souvenir covers will be placed on sale at all post offices at $2 each as from April 17.

Hand-back service will be provided at all post offices on April 24 to official and privately-made covers bearing an indication of the event. Advance Order Service for serviced covers will be provided at all post offices from April 17 to 22.

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11th issue of three-year Exchange Fund Notes

The Hong Kong Monetary Authority today (Monday) announced that the tender for the eleventh issue of three-year Exchange Fund Notes would be held on Monday. April 22, 1996 for settlement on Tuesday, April 23, 1996.

Similar to the previous issue, an amount of HK$500 million three-year Notes will be on offer. In addition to that, another HK$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 April 23, 1999 and will carry interest at the rate of 6.30% 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 Recognized 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.

Following is the tender information for the eleventh issue of three-year Exchange Fund Notes :

Issue Number

: 3904

Tender Date and Time

: Monday April 22, 1996, 9:30 a.m. to 10:30 a.m.

Issue and Settlement Date: Tuesday April 23, 1996

Amount on Offer

Maturity

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

reserve stock for the Monetary Authority

: Three years