14 -

The closing date for submission of tenders is noon on November 22 (Friday).

Tender forms, tender notices and conditions can be obtained from the Lands Department, 14th floor, Murray Building, Garden Road and the District Lands Offices of Kowloon, Yuen Long and Tuen Mun.

Tender plans can also be inspected at these offices.

End

Hong Kong Monetary Authority money market operations

Time

Cumulative change

Opening balance in the account

$ million (hours) ($million)

Closing balance in the account

Change attributable to:

Money market activity

LAF today

2,349

0930

+548

2,655

1000

+548

1100

+548

+546

1200

+546

-240

1500

+546

1600

+546

LAF rate 4.00% bid/6.00% offer TWI 125,0 *+0.3* 6.11.96

Hong Kong Monetary Authority

EF notes/MTRC

EF bills

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.96

2 years

2808

6.00

100.68

5.66

1 month

4.93

3 years

3910 6.28

100.67

6.12

3 months

4.94

5 years 5109

7.32

103.08

6.67

6 months

4.99

7 years

7308

7.24

101.88

7.00

12 months

5.25

10 years

1610

7.37

101.43

7.30

5 years

M503

7.35

101.78

7.02

Total turnover of EF bills and notes - $19,954 million

Closed November 6, 1996

End

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