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During the course of the day, the performance of the system was stable and satisfactory. The response time for CHATS and CMU transactions and enquiries was also satisfactory.
Banks made good use of the intraday repurchase (repo) facility to obtain intraday liquidity. The amount of intraday repo done during the day was $25 billion. Banks borrowed $900 million from and placed $6.2 billion with the HKMA through Liquidity Adjustment Facility. Net injection by the HKMA into the banking system was $1.9 billion. The closing aggregate balance of all Settlement Accounts was $3 billion.
End
Tender for the tenth issue of 5-year Exchange Fund Notes
The Hong Kong Monetary Authority announced today (Monday) that the tender for the tenth issue of 5-year Exchange Fund Notes will be held on December 16, 1996 (Monday), for settlement on, December 17, 1996 (Tuesday).
Similar to the previous issue, an amount of HK$500 million 5-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 December 17, 2001 and will carry interest at the rate of 6.57% 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 on 30th floor, 3 Garden Road, Hong Kong (or by telephone on 2878 8150). Each tender must be for an amount of HK$50,000 or integral multiples thereof.
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