8-
Works will commence tomorrow (Friday) and are scheduled for completion in about 27 months.
On completion, the project will provide land for the construction of roads, drains and other infrastructure to cater for future developments in the area.
End
Hong Kong Monetary Authority money market operations
**
Cumulative
Time
$ million (hours)
change ($million)
Opening balance in the account
2,281
0930
-272
Closing balance in the account
1,274
1000
-272
Change attributable to:
1100
-272
Money market activity
-272
1200
-270
LAF today
-735
1500
-272
1600
-272
LAF rate 4.25% bid/6.25% offer TWI 123.2 *+0.4* 4.1.96
Hong Kong Monetary Authority
EF bills
EF notes
Terms
Yield
Term
Issue
Coupon
Price
Yield
1 week
5.35
2 years
2711 5.60
100.49
5.39
1 month
5.35
3 years
3810 6.15
101.65
5.58
3 months
5.35
5 years
5012
6.38
101.79
6.05
6 months
5.35
7 years
7211 6.82
102.99
6.38
12 months
5.34
5 years
M502 7.30
103.98
6.43
Total turnover of EF bills and notes - $25,773 million
Closed January 4, 1996
End