XN000022-1992-07-14 — Page 25

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TUESDAY, JULY 14, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

TENDER RESULTS

* * * * *

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

AMOUNT APPLIED

AMOUNT ALLOTTED

AVERAGE YIELD ACCEPTED

14 JULY 92

EF BILLS

Q229

HKD 2,330 MN

HKD 500 MN

2.36 PCT

14 JULY 92

EF BILLS

Y292

HKD 1,080 MN

HKD 200 MN

3.69 PCT

HIGHEST YIELD ACCEPTED

2.37 PCT

3.70 PCT

PRO RATA RATIO

ABOUT 91 PCT

100 PCT

AVERAGE TENDER YIELD

2.40 PCT

3.74 PCT

HONG KONG GOVERNMENT EXCHANGE FUND

TENDERS TO BE HELD IN THE WEEK BEGINNING 20 JULY 1992

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

ISSUE DATE

21 JULY 92

EF BILLS

Q230

22 JULY 92

MATURITY DATE

21 OCT 92

TENOR

91 DAYS

HKD 500 + 100 MN

AMOUNT ON OFFER

21 JULY 92

EF BILLS

H269

22 JULY 92

20 JAN 93

182 DAYS

HKD 200 + 60 MN

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