TNAG-0570-FCO40-703-Planning-paper-on-Hong-Kong-1976 — Page 115

LODE {H} }

Reference...........

RECENT LOANS OBTAINED BY HONG KONG

1.

HK$250 million at 62% raised through the issue of 5 year bonds under the authority of the Loans (Government Bonds) Ordinance 1975.

2. US$60 million at 11% over the London inter-bank rate from the Euro currency market for 5 years 1975.

US$3.2 million raised to finance the purchase of coins from UK at 11/8% over the London inter-bank rate 1975.

3.

4. US$20 million from ADB for desalination plant.

PROPOSED LOANS

5. X million from ADB for low cost housing projects.

7 June 1976

T Duffy

HKIOD