XN000022-1992-08-21 — Page 16

15

FRIDAY, AUGUST 21, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,500

REVERSAL OF LAF

NIL

BALANCE AFTER REVERSAL OF LAF

1,500

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

NIL

CLOSING BALANCE IN THE ACCOUNT

1,500

LAF RATE 2.00 BID/4.00 OFFER TWI 109.6 *-0.0* 21.8.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

2.37 PCT

15 MONTHS 2311

6.25

103.57

3.42

2.43 PCT

18 MONTHS

2402

5.50

102.74 3.72

3 MONTHS

2.48 PCT

21 MONTHS

2405

5.50

102.75 3.97

6 MONTHS 2.66 PCT

12 MONTHS

24 MONTHS

2408

4.375

100.72

4.12

3.20 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 21 AUGUST 1992

I

-

3,864 MN