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EXCHANGE FUND NOTE

HONG KONG MONETARY AUTHORITY

PROGRAMME TENDER INFORMATION

Tender information for the fifteenth issue of 3-Year Exchange Fund Notes :-

Issue Number

: 3004

Tender Date and Time

: Monday 14 April 1997,

9:30 a.m. to 10:30 a.m.

Issue and Settlement Date: Tuesday 15 April 1997

Amount on Offer

Maturity

Maturity Date

Interest Rate

Interest Payment Dates

Tender Amount

Other details

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

as reserve stock for the Monetary Authority

: Three years

: 17 April 2000

: 6.50% per annum payable semi-annually in arrears

: 15 Oct 1997, 15 Apr 1998, 15 Oct 1998, 15 Apr 1999,

15 Oct 1999, 17 Apr 2000

: 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 Recognized Dealers on the published list

: Please see Information Memorandum published or approach Market Makers or Recognized Dealers

End