XN000022-1991-07-23 — Page 12

11

TUESDAY, JULY 23, 1991

HONG KONG GOVERNMENT EXCHANGE FUND

*

EXCHANGE FUND BILLS TENDER RESULTS

*

TUESDAY 23 JULY 1991

ISSUE NUMBER

AMOUNT APPLIED

Q130

HKD 1,624 MN

AMOUNT ALLOTTED

AVERAGE ACCEPTED YIELD

HKD 400 MN

6.31 PCT

HIGHEST ACCEPTED YIELD

6.33 PCT

PRO RATA RATIO

ABOUT 54 PCT

HKBG

H169

HKD 708 MN

HKD 200 MN

6.44 PCT

6.46 PCT

75 PCT

HONG KONG GOVERNMENT EXCHANGE FUND

TUESDAY 30 JULY 1991

NEXT TENDER OF EXCHANGE FUND BILLS

ISSUE NUMBER

Q131

ISSUE DATE

31 JUL 91

MATURITY DATE

30 OCT 91

TENOR

91 DAYS

AMOUNT ON OFFER

HKD 400 + 80 MN

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

DATE

$ MILLION

CLOSING BALANCE IN THE ACCOUNT ON

EFFECT OF FORWARDS TO BE SETTLED ON

EFFECT OF OPERATIONS THIS MORNING

22.7.91

540

23.7.91

+100

-100

EFFECT OF OPERATIONS THIS AFTERNOON

NEUTRAL

TRADE WEIGHTED INDEX 113.7 +0.3* 23. .7.91

PHONG KONG

HKEH