XN000022-1992-05-19 — Page 14

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13

TUESDAY, MAY 19, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

TENDERS TO BE HELD IN THE WEEK BEGINNING 25 MAY 1992 -

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

ISSUE DATE

26 MAY 92

EF BILLS

Q222

27 MAY 92

MATURITY DATE

26 AUG 92

TENOR

91 DAYS

AMOUNT ON OFFER

HK$500 + 100 MN

26 MAY 92

EF BILLS

H265

27 MAY 92

25 NOV 92

182 DAYS

HK$200 + 60 MN

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* *

DATE

$ MILLION

CLOSING BALANCE IN THE ACCOUNT ON

18.5.92

EFFECT OF FORWARDS TO BE SETTLED ON

EFFECT OF OPERATIONS THIS MORNING

EFFECT OF OPERATIONS THIS AFTERNOON

19.5.92

1,688

-1,023 *

* O/N ASSISTANCE TO BE REVERSED -700 MN OTHER FORWARDS TO BE SETTLED -323 MN

TRADE WEIGHTED INDEX 111.5 -0.2* 19.5.92

+323

NEUTRAL

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

1 WEEK

2.99 PCT

18 MONTHS

2311

6.25

PRICE YIELD

102.48 4.57

1 MONTH

3 MONTHS

6 MONTHS

3.08 PCT

3.19 PCT

3.48 PCT

21 MONTHS

2402

5.50

100.99

4.96

24 MONTHS

2405

5.50

100.79

5.14

12 MONTHS

4.01 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 19 MAY 1992

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5,472 MN

1