XN000022-1996-05-20 — Page 12

-

- 11 -

Water storage figure

Storage in Hong Kong's reservoirs at 9 a.m. today (Monday) stood at 83.3 per cent of capacity or 487.93 million cubic metres.

This time last year the reservoirs contained 376.673 million cubic metres of water, representing 64.3 per cent of capacity.

End

Tender for 3rd issue of 7-year exchange fund notes

The Hong Kong Monetary Authority (HKMA) today (Monday) announces that tender for the third issue of 7-year exchange fund notes will be held on May 27 for settlement on May 28.

An amount of $500 million 7-year notes will be offered. Another $100 million will be held as reserve by HKMA for supply to market makers in the secondary market.

The notes will mature on May 28, 2003, and will carry interest at the rate of 7.6% per annum payable semi-annually in arrears. Terms and conditions of the issue are described fully in the Information Memorandum.

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 HKMA at 30th floor, 3 Garden Road, Hong Kong, Tel 2878 8150. Each tender must be for an amount of $50,000 or integral multiples thereof.

Tender information for the third issue of 7-year exchange fund notes:

Issue number

Tender date and time

Issue and settlement date

: 7305

: Monday May 27, 1996, 9.30 am to 10.30 am

: Tuesday May 28, 1996