XN000022-1991-08-06 — Page 9

TUESDAY, AUGUST 6, 1991

HONG KONG GOVERNMENT EXCHANGE FUND

EXCHANGE FUND BILLS TENDER RESULTS

*

TUESDAY 6 AUGUST 1991

ISSUE NUMBER

Q132

AMOUNT APPLIED

AMOUNT ALLOTTED

AVERAGE ACCEPTED YIELD

HKD 1,893 MN

HKD 400 MN

5.74 PCT

HIGHEST ACCEPTED YIELD

5.75 PCT

PRO RATA RATIO

ABOUT 28 PCT

HKEG

H170

HKD 721 MN

HKD 200 MN

5.98 PCT

6.00 PCT

ABOUT 65 PCT

NEXT TENDER OF EXCHANGE FUND BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

TUESDAY 13 AUGUST 1991

HKEH

ISSUE NUMBER

Q133

ISSUE DATE

14 AUG 91

MATURITY DATE

TENOR

13 NOV 91

Y193

14 AUG 91

12 AUG 92

91 DAYS

364 DAYS

AMOUNT ON OFFER

HKD 500 + 100 MN

HKD 200 + 60 MN

0

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

EFFECT OF OPERATIONS THIS AFTERNOON

5.8.91

600

6.8.91

+129

-129

NEUTRAL

TRADE WEIGHTED INDEX 112.9 *-0.2* 6.8.91

HONG KONG