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Tender for 14th issue of 2-year exchange fund notes

The Hong Kong Monetary Authority (HKMA) today (Monday) announces that the tender for the fourteenth issue of 2-year exchange fund notes will be held on August 12 for settlement on August 13.

offer.

Similar to the previous issue, an amount of $500 million 2-year notes will be on

In addition to that, another $100 million will be held as reserve by HKMA for supply to market makers in the secondary market. The notes will mature on August 13. 1998, and will carry interest at the rate of 6% 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 HKMA on 30th floor, 3 Garden Road, Hong Kong, or telephone 2878 8150. Each tender must be for an amount of $50,000 or integral multiples thereof.

Tender information for the 14th issue of 2-year eExchange fund notes:

Issue number

lender date and time

Issue and settlement date

Amount on offer

Maturity

Maturity date

Interest rate

Interest payment dates

: 2808

: Monday, August 12, 1996,

9.30 am to 10.30 am.

: Tuesday, August 13, 1996

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

stock for the Monetary Authority

: Two years

: August 13, 1998

: 6% per annum payable semi-annually in arrears

: Feb 13, 1997, Aug 13, 1997,

Feb 13, 1998, Aug 13, 1998

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Tender amount

Other details

End