XN000022-1991-12-24+25 — Page 3

N

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

AMOUNT APPLIED

TUESDAY, DECEMBER 24, 1991

HONG KONG GOVERNMENT EXCHANGE FUND

TENDER RESULTS

24 DEC 91

EF BILLS

Q152

HKD 1,327MN

24 DEC 91

EF BILLS

H180

HKD 810MN

HKD 200MN

AMOUNT ALLOTTED

HKD 500MN

AVERAGE YIELD ACCEPTED

3.89 PCT

3.96 PCT

HIGHEST YIELD ACCEPTED

3.92 PCT

3.98 PCT

PRO RATA RATIO

50 PCT

ABOUT 18 PCT

AVERAGE TENDER YIELD

3.94 PCT

4.02 PCT

HONG KONG GOVERNMENT EXCHANGE FUND

TENDERS TO BE HELD IN THE WEEK BEGINNING 30 DECEMBER 1991

TENDER DATE

PAPER ON OFFER

31 DEC 91

EF BILLS

Q201

ISSUE NUMBER

ISSUE DATE

2 JAN 92

MATURITY DATE

1 APR 92

TENOR

90 DAYS

AMOUNT ON OFFER

HK$500 + 100MN

31 DEC 91

EF BILLS

Y285

2 JAN 92

30 DEC 92

363 DAYS

-

HK$ 200 + 60MN

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