HONG KONG PROVIDES NEW GUARANTEE FOR MTRC DEBTS
The government will provide new
guarantees for up to three billion H.K. Dlrs in financing
instruments to be issued by the government owned <Mass
Transport Railway Corp>, bringing the total to 9.1 billion
dlrs, Financial Secretary Piers Jacobs said.
    He told the Legislative Council the instruments would
replace existing longer term government guaranteed export
credit debt obligations.
    A total of 1.5 billion dlrs in government guaranteed export
credit debt obligations are due to mature in two years.
 REUTER
