19
TUESDAY, MAY 26, 1992
5.52%
5.04%
4.56%
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER SEPTEMBER 18, 1991 AND BEFORE NOVEMBER 6, 1991;
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER NOVEMBER 6, 1991 AND BEFORE MAY 6, 1992; AND
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MAY 6, 1992 AND BEFORE MAY 27, 1992.
TO
BUT ALWAYS SUBJECT TO THE GENERAL RULE THAT INTEREST CEASES ACCRUE AFTER 36 COMPLETE MONTHS WITHOUT SURRENDER FOR PAYMENT OF TAX.
EXAMPLE:
$1,000 CERTIFICATES PURCHASED ON MAY 27, 27, 1992 AND JULY 27, 1992 RESPECTIVELY, IN PAYMENT OF TAX DUE ON AUGUST 26, INTEREST CALCULATED AS FOLLOWS:
1992, JUNE SURRENDERED
1992 WILL HAVE
ON $1,000, MAY 27, 1992 TO AUGUST 26, 1992 3 COMPLETE MONTHS AT $3.00 PER MONTH
ON $1,000, JUNE 27, 1992 TO AUGUST 26, 1992 2 COMPLETE MONTHS AT $3.00 PER MONTH
$9.00
= $6.00
1992 TO AUGUST 26, ON $1,000, JULY 27, 1 COMPLETE MONTH AT $3.00 PER MONTH
1992
= $3.00
$18.00
HONG KONG GOVERNMENT EXCHANGE FUND
TENDER RESULTS
* * * * *
TENDER DATE
PAPER ON OFFER
ISSUE NUMBER
AMOUNT APPLIED
AMOUNT ALLOTTED
AVERAGE YIELD ACCEPTED
HIGHEST YIELD ACCEPTED
PRO RATA RATIO
AVERAGE TENDER YIELD
26 MAY 92
FF BILLS
Q222
HKD 1,600 MN
HKD 500 MN
2.72 PCT
2.73 PCT
ABOUT 71 PCT
2.82 PCT
26 MAY 92
EF BILLS
H265
HKD 810 MN
HKD 200 MN
3.24 PCT
3.25 PCT
ABOUT 70 PCT
3.32 PCT
HONG KONG
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