11 -

Hong Kong Monetary Authority tender results

Tender Date

Paper on offer

Issue number

Amount Applied

Amount allotted

Average price (yield) accepted

Lowest price (yield) accepted

27 Nov 1995

EF notes

7211

HKD3,820 MN

HKD500 MN

99.86 (6.96 PCT)

99.86 (6.96 PCT)

Pro rata ratio

About 25 PCT

Average Tender price (yield)

99.75 (6.98 PCT)

End/Monday, November 27, 1995

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,014

0930

+257

Closing balance in the account

2,064

1000

+257

Change attributable to:

1100

+257

Money market activity

+257

1200

+257

LAF today

+793

1500

+257

1600

+257

LAF rate 4.25% bid/6.25% offer TWI 122.2 *+0.0* 27.11.95

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