XN000022-1992-08-17 — Page 16

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

15

MONDAY, AUGUST 17, 1992

HONG KONG GOVERNMENT EXCHANGE FUND TENDER RESULTS

AMOUNT APPLIED

AMOUNT ALLOTTED

AV PRICE (YIELD) ACCEPTED

LOWEST PRICE (YIELD) ACCEPTED

PRO RATE RATIO

AV TENDER PRICE (YIELD)

17 AUG 22

GOVT BOND

2408

HKD 1,789 MN

HKD 500 MN

100.77 (4,01)

100.75 (4.02)

ABOUT 67 PCT

100.62 (4.09)

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* *

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,770

REVERSAL OF LAF

-270

BALANCE AFTER REVERSAL OF LAF

1,500

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

+1,000

CLOSING BALANCE IN THE ACCOUNT

2,500

LAF RATE 2.00 BID/4.00 OFFER TWI 109.8 +0.1* 17.8.92

HONG KONG