XN000022-1993-05-04 — Page 13

12

TUESDAY, MAY 4, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

TENDERS TO BE HELD IN THE WEEK BEGINNING 10 MAY 1993

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

ISSUE DATE

11 MAY 93

EF BILLS

Q319

12 MAY 93

MATURITY DATE

11 AUG 93

TENOR

91 DAYS

AMOUNT ON OFFER

HK$1,000 + 200 MN

11 MAY 93

EF BILLS

H364

12 MAY 93

10 NOV 93

182 DAYS

HK$400 + 80 MN

-

-

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$ MILLION

OPENING BALANCE IN THE ACCOUNT

2,060

REVERSAL OF LAF

+90

BALANCE AFTER REVERSAL OF LAF

2,150

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

NIL

-450

1,700

TWI 111.

7

*-0.1*

4.5.93

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON PRICE YIELD

| WEEK

1 MONTH

2.43 PCT

12 MONTHS

2405

5.50

102.47 3.09

2.64 PCT

15 MONTHS

2408

4.375

101.46

3.23

3 MONTHS

2.74 PCT

18 MONTHS

24tt

4.625

101.81 3.43

6 MONTHS

2.86 PCT

21 MONTHS

2502

4.75

101.91

3.66

12 MONTHS

3.05 PCT

TOTAL TURNOVER OF BILLS AND BONDS

—

8,771 MN

CLOSED 4 MAY 1993