XN000022-1993-02-23 — Page 16

TUESDAY, FEBRUARY 23, 1993

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HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* *

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,635

REVERSAL OF LAF

+515

BALANCE AFTER REVERSAL OF LAF

2,150

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

NIL

-145

2,005

LAF RATE 2.00 BID/4.00 OFFER TWI

113.7 *-0.3*

23.2.93

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON PRICE

YIELD

1 WEEK

2.54 PCT

15 MONTHS

2405

5.50

102.60

3.35

1 MONTH

2.71 POT

18 MONTHS

2408

5.50

101.38

3.44

3 MONTHS

2.85 PCT

21 MONTHS

2411

4.375

101.62

3.68

6 MONTHS 2.97 PCT

24 MONTHS

2502

4.625

101.62

3.93

12 MONTHS

3.39 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 23 FEBRUARY 1993

11,71 IMN