XN000022-1993-01-12 — Page 42

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TUESDAY, JANUARY 12, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

TENDERS TO BE HELD IN THE WEEK BEGINNING 18 JANUARY 1993-

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

ISSUE DATE

MATURITY DATE

TENOR

19 JANUARY 1993

EF BILLS

Q303

20 JANUARY 1993

21 APRIL 1993

91 DAYS

AMOUNT ON OFFER

HKD 800+160MN

19 JANUARY 1993

EF BILLS

H356

20 JANUARY 1993

21 JULY 1993

182 DAYS

HKD 300+60MN

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,350

REVERSAL OF LAF

+150

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 114.4 *-0.2* 12.1.93

PHONG KONG