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24 -

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Other details

Please see information memorandum published or approach market makers or recognised dealers

End/Monday, November 20, 1995

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1.221

0930

+253

Closing balance in the account

2,077

1000

+255

Change attributable to:

1100

+255

Money market activity LAF today

+256

1200

+256

+600

1500

+256

1600

+256

LAF rate 4.25% bid/6.25% offer TWI 122.4 *+0.1* 20.11.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price Yield

1 week

5.47

2 years

2711

5.60

99.95 5.71

1 month

5.48

3 years

3810

6.15

100.65 5.99

3 months

5.50

5 years

5009

6.95

101.98 6.57

6 months

5.54

5 years M502

7.30

101.01 7.18

12 months 5.54

Total turnover of EF bills and notes - $6,163 million

Closed November 20, 1995

End/Monday, November 20, 1995

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