-

14

The closing date for submission of tenders is at noon on July 12.

Tender forms, tender notices and conditions may be obtained from the Lands Department, 14th floor, Murray Building, Garden Road, and the respective district lands offices of Kowloon, Kwai Tsing and Tuen Mun.

Tender plans can also be inspected at these offices.

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million (hours)

($million)

Opening balance in the account

1,667

0930

+290

Closing balance in the account

1,952

1000

+290

Change attributable to :

1100

+290

Money market activity

+290

1200

+290

LAF today

-5

1500

+290

1600

+290

LAF rate 4.00% bid/6.00% offer TWI 124.5 *+0.0* 26.6.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price Yield

1 week

4.96

2 years

2805 6.30

100.00

6.39

1 month

5.02

3 years

3904 6.30

99.02

6.79

3 months

5.21

5 years

5106

7.23

99.64

7.45

6 months

5.45

7 years

7305

7.60

99.74

7.79

12 months

5.83

5 years

M502

7.30

99.20

7.66

Total turnover of EF bills and notes - $21,698 million

Closed June 26, 1996

End

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