21

TUESDAY, FEBRUARY 18, 1992

MATURITY DATE

27 MAY 92

24 FEB 93

TENOR

91 DAYS

364 DAYS

AMOUNT ON OFFER

HK$500 + 100 MN HK$200 + 60 MN

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * * * *

DATE

$ MILLION

CLOSING BALANCE IN THE ACCOUNT ON

EFFECT OF FORWARDS TO BE SETTLED ON

EFFECT OF OPERATIONS THIS MORNING

EFFECT OF OPERATIONS THIS AFTERNOON

17.2.92

600

18.2.92

-95

+95

NEUTRAL

TRADE WEIGHTED INDEX 111.1 *+0.2* 18.2.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

3.85 PCT

21 MONTHS 2311

6.25

1 MONTH

3.85 PCT

24 MONTHS

2402

5.50

100.07

101.40 5.47

5.54

3 MONTHS

3.95 PCT

6 MONTHS 4.08 PCT

12 MONTHS

4.54 PCT

TOTAL TURNOVER OF BILLS AND BONDS 3,835 MN

CLOSED 18 FEBRUARY 1992

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E

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