XN000022-1996-11-18 — Page 14

Amount on offer

:

13

-

HK$500 million plus an additional HK$100 million

as reserve stock for the Monetary Authority

Maturity

:

Seven years

Maturity date

:

26 November 2003

Interest rate

:

6.8% per annum payable semi-annually in arrears

Interest payment dates

:

26 May 1997, 26 Nov 1997,

26 May 1998, 26 Nov 1998,

26 May 1999, 26 Nov 1999,

26 May 2000, 27 Nov 2000,

Tender amount

:

Other details

:

End

28 May 2001, 26 Nov 2001,

27 May 2002, 26 Nov 2002,

26 May 2003, 26 Nov 2003

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

Hong Kong Monetary Authority money market operations

Cumulative

Time

$million (hours)

change ($million)

Opening balance in the account

2,446

0930

+452

Closing balance in the account

2,469

1000

+453

Change attributable to:

1100

+453

Money market activity

+453

1200

+453

LAF today

-430

1500

+453

1600

+453