XN000022-1992-06-23 — Page 16

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HONG KONG GOVERNMENT EXCHANGE FUND

TENDER RESULTS

TUESDAY, JUNE 23, 1992

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

AMOUNT APPLIED

AMOUNT ALLOTTED

AVERAGE YIELD ACCEPTED

HIGHEST YIELD ACCEPTED

23 JUNE 92

EF BILLS

Q226

HKD 2,160MN

HKD 500MN

23 JUNE 92

EF BILLS

H267

HKD 1,20OMN

HKD 200MN

2.91 PCT

3.26 PCT

2.92 PCT

3.27 PCT

ABOUT 45 PCT

ABOUT 15 PCT

AVERAGE TENDER YIELD

2.96 PCT

3.31 PCT

PRO RATA RATIO

HONG KONG GOVERNMENT EXCHANGE FUND

TENDERS TO BE HELD IN THE WEEK BEGINNING 29 JUNE 1992 -

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

ISSUE DATE

MATURITY DATE

TENOR

AMOUNT ON OFFER

30 JUNE 92

EF BILLS

Q227

1 JULY 92

30 SEPT 92

91 DAYS

HKD 500+100 MN

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