XN000022-1991-11-12 — Page 21

TUESDAY, NOVEMBER 12, 1991

20

HONG KONG GOVERNMENT EXCHANGE FUND

TENDER RESULTS

* * * * *

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

AMOUNT APPLIED

AMOUNT ALLOTTED

AVERAGE YIELD ACCEPTED

HIGHEST YIELD ACCEPTED

12 NOV 91

EF BILLS

Q146

HKD 1,410 MN,

HKD 600 MN

3.88 PCT

3.90 PCT

12 NOV 91

EF BILLS

H177

HKD 788 MN

HKD 200 MN

4.18 PCT

4.18 PCT

PRO RATA RATIO

AVERAGE TENDER YIELD

ABOUT 98 PCT

3.98 PCT

ABOUT 89 POT

4.25 PCT

HONG KONG GOVERNMENT EXCHANGE FUND

TENDER TO BE HELD IN THE WEEK BEGINNING

NOVEMBER 18, 1991

TENDER DATE

19 NOV 91

PAPER ON OFFER

EF BILLS

ISSUE NUMBER

Q147

ISSUE DATE

20 NOV 91

18 NOV 91

GOVT BONDS

2311

19 NOV 91

MATURITY DATE

19 FEB 92

19 NOV 93

91 DAYS

TENOR

AMOUNT ON OFFER

COUPON

500 + 100 MN

N.A.

2 YEARS

500 + 100 MN

6.25 PCT

I

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