XN000022-1992-06-09 — Page 17

16

TUESDAY, JUNE 9, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

TENDER TO BE HELD IN THE WEEK BEGINNING 15 JUNE 1992

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

ISSUE DATE

MATURITY DATE

TENOR

16 JUNE 92

EF BILLS

Q225

17 JUNE 92

16 SEPT 92

91 DAYS

AMOUNT ON OFFER

HKD 500 + 100 MN

-

16 JUNE 92

EF BILLS

Y291

17 JUNE 92

16 JUNE 93

364 DAYS

HKD 200 + 60 MN

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

988MN

REVERSAL OF LAF

NIL

BALANCE AFTER REVERSAL OF LAF

988MN

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

-80MN

CLOSING BALANCE IN THE ACCOUNT

908MN

LAF RATE 2.50 BID/4.50 OFFER TWI 111.2 *+0.0* 9.6.92

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON PRICE YIELD

1W

2.87 PCT

18M

2311

1M

2.80 PCT

21M

2402

6.25 102.42 4.54

5.50

101.15 4.84

3M

2.87 PCT

24M

2405

5,50 100.87 5.08

6M

3.20 PCT

12M

3.91 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 9 JUNE 1992

—

5,810MN