20

TUESDAY, MAY 26, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

TENDERS TO BE HELD IN THE WEEK BEGINNING 1 JUNE 1992 -

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

ISSUE DATE

MATURITY DATE

2 JUNE 92

EF BILLS

Q223

3 JUNE 92

2 SEPT 92

91 DAYS

AMOUNT ON OFFER

HK$ 500 + 100 MN

TENOR

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

25.5.92

1,388

26.5.92

-302 *

-98

+700 **

O/N ASSISTANCE TO BE REVERSED -400 MN OTHER FORWARDS TO BE SETTLED

+98 MN

** O/N ASSISTANCE TO BE REVERSED ON 27.5.92

TRADE WEIGHTED INDEX 111.6 *+0.0* 26.5.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.85 PCT

18 MONTHS 2311

6.25

102.44

4.58

1 MONTH

3 MONTHS

2.58 PCT

2.74 PCT

21 MONTHS

2402

5.50

101.03 4.93

24 MONTHS

2405

5.50

100.76

5.16

6 MONTHS

3.25 PCT

12 MONTHS

3.92 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 26 MAY 1992

-

18,507 MN (RECORD HIGH)

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