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Hong Kong Monetary Authority

Tenders to be held in the week begining 18 Mar 1996 -

Issue date

EF Bills

Tender date

18 Mar 1996

19 Mar 1996

Paper on offer

EF Notes

Issue number

5103

Q612

19 Mar 196

20 Mar 1996

Maturity date

19 Mar 2001

19 Jun 1996

Tenor

5 years

91 days

Amount on offer

HKD500+100MN HKD1,500+300MN

Coupon

6.75 PCT

19 Mar 1996

EF Bills

Y687

20 Mar 1996

19 Mar 1997

364 days

HKD500+150MN

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,469

0930

+1,333

Closing balance in the account

2,041

1000

+1,333

Change attributable to:

1100

+1,333

Money market activity

+1,332

1200

+1,332

LAF today

-760

1500

+1,332

1600

+1,332

LAF rate 4.00% bid/6.00% offer TWI 123.7 *+0.0* 12.03.96

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