Tender for the Ninth Issue of the Airport Authority Notes

The Hong Kong Monetary Authority (HKMA) announced today the tender for the ninth issue of the Airport Authority (AA) Notes to be held on 5 July 2001.

An amount of HK$500 million in AA Notes will be offered for settlement on 6 July 2001. The 5-year Notes, which mature on 6 July 2006, will carry interest at the fixed rate of 5.60% per annum payable semi-annually in arrears. Terms and conditions of the issue are described fully in the Information Memorandum.

The HK$500 million AA Notes issue is the ninth tranche of the HK$5 billion AA Note Issuance Programme in which the HKMA acts as the arranger, custodian, agent and operator. The AA Notes, which are denominated in HK$50,000, will be cleared through the Central Moneymarkets Unit (CMU).

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