XN000022-1993-02-15 — Page 19

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

AMOUNT APPLIED

AMOUNT ALLOTTED

MONDAY,

FEBRUARY 15, 1993

17

HONG KONG GOVERNMENT EXCHANGE FUND

TENDER RESULTS

FEB 15, 93

GOVT BONDS

2502

HK$2,575 MN

HK$500 MN

AV PRICE (YIELD) ACCEPTED

100.40 (4.59)

LOWEST PRICE (YIELD) ACCEPTED

100.40 (4.59)

PRO RATA RATIO

ABOUT 91 PCT

AV TENDER PRICE (YIELD)

100.29 (4.65)

HONG KONG GOVERNMENT EXCHANGE TE ND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL TODAY

8 MILLION

1,950

+200

2,150

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/1.00 OFFER TWI 115.00 +0. 1 * 15.2.93

NIL

-1,500

650

HONG KONG