XN000022-1991-11-18 — Page 27

26

MONDAY, NOVEMBER 18, 1991

HONG KONG GOVERNMENT EXCHANGE FUND TENDER RESULTS

TENDER DATE

18 NOV 1991

PAPER ON OFFER

ISSUE NUMBER

AMOUNT APPLIED

AMOUNT ALLOTTED

AVERAGE PRICE(YIELD) ACCEPTED

LOWEST PRICE(YIELD) ACCEPTED

PRO RATA RATIO

AVERAGE TENDER PRICE (YIELD)

GOVT BONDS

2311

HK$ 2,717 MN

HK$ 500 MN

101.22 PCT (5.68) PCT

101.18 PCT (5.70) PCT

ABOUT 31 PCT

100.96 PCT (5.82) PCT

0

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

CLOSING BALANCE IN THE ACCOUNT ON

16.11.91

500 MN

EFFECT OF FORWARDS TO BE SETTLED ON

18.11.91

+20 MN

EFFECT OF OPERATIONS THIS MORNING

EFFECT OF OPERATIONS THIS AFTERNOON

-20 MN

NEUTRAL

TRADE WEIGHTED INDEX

110.8 -0.1

18.11.91

HONG KONG GOVERNMENT EXCHANGE FUND

CLOSING YIELDS OF EXCHANGE FUND BILLS

18.11.91

15.11.91

MATURING IN 1 WEEK

3.47 PCT

3.51 PCT

1 MONTH

3.54 PCT

3.60 PCT

3 MONTHS

3.80 PCT

3.89 PCT

6 MONTHS

4.08 PCT

4.15 PCT

12 MONTHS

4.82 PCT

4.85 PCT

TOTAL TURNOVER

3,930 MN

7,012 MN