19
TUESDAY, MARCH 29, 1994
4.56%
PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MAY 1992 AND BEFORE MAY 27, 1992;
3.60%
PER
ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MAY 27, 1992 AND BEFORE JULY 8, 1992; AND
3.00%
PER
ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JULY 1992 AND BEFORE MARCH 30, 1994.
8,
FOR
BUT THEY ARE ALWAYS SUBJECT TO THE GENERAL RULE THAT INTEREST CEASES TO ACCRUE AFTER 36 COMPLETE MONTHS WITHOUT SURRENDER PAYMENT OF TAX.
FOR EXAMPLE:
$1,000 CERTIFICATES PURCHASED ON MARCH 30, 1994, APRIL 30, 1994 AND MAY 30, 1994 RESPECTIVELY, SURRENDERED IN PAYMENT OF TAX DUE ON JUNE 29, 1994 WILL HAVE INTEREST CALCULATED AS FOLLOWS:
ON $1,000, MARCH 30, 1994 TO JUNE 29, THREE COMPLETE MONTHS AT $3.20 PER MONTH
1994
ON $1,000, APRIL 30, 1994 TO JUNE 29, 1994 TWO COMPLETE MONTHS AT $3.20 PER MONTH
ON $1,000, MAY 30, 1994 TO JUNE 29, 1994 ONE COMPLETE MONTH AT $3.20 PER MONTH
HONG KONG GOVERNMENT EXCHANGE FUND
TENDER RESULTS
11
ון
$9.60
$6.40
$3.20
$19.20
TENDER DATE
PAPER ON OFFER
ISSUE NUMBER
AMOUNT APPLIED
AMOUNT ALLOTTED
AVERAGE YIELD ACCEPTED
HIGHEST YIELD ACCEPTED
PRO RATA RATIO
AVERAGE TENDER YIELD
29 MAR 94
EF BILLS
Q413
HKD4, 140 MN
HKD1,500 MN
3.73 PCT
3.73 PCT
ABOUT 98 PCT
3.75 PCT
29 MAR 94
EF BILLS
H461
HKD1,680 MN
HKD500 MN
3.98 PCT
3.99 PCT
ABOUT 44 PCT
4.01 PCT
HONG KONG
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