XN000022-1992-11-16 — Page 15

MONDAY, NOVEMBER 16, 1992

14

HONG KONG GOVERNMENT EXCHANGE FUND

TENDER RESULTS

* * * * *

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

16 NOV 92

GOVT BONDS

2411

AMOUNT APPLIED

AMOUNT ALLOTTED

HKD 1,303 MN

HKD 500 MN

AV PRICE (YIELD) ACCEPTED

99.70 (4.84)

LOWEST PRICE (YIELD) ACCEPTED

99.65 (4.87)

PRO RATA RATIO

ABOUT 46 PCT

AV TENDER PRICE (YIELD)

99.57 (4.91)

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

*

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

$ MILLION

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 112.7 +0.1* 16.11.92

1,500

NIL

1,500

NIL

NIL

1,500

PHONG KONG