XN000022-1993-05-20 — Page 26

THURSDAY, MAY 20, 1993

25

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * *

MILLION

OPENING BALANCE IN THE ACCOUNT

1,605

REVERSAL OF LAF

+545

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

TWI 112.3 *-0.2*

NIL

-730

1,420

20.5.93

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE

1 WEEK

2.51 PCT

15 MONTHS

2408

4.375

COUPON PRICE

101.01 3.56

YIELD

1 MONTH

2.84 PCT

18 MONTHS

2411

4.625

101.34

3.73

3 MONTHS

2.95 PCT

21 MONTHS

2502

4.75

101.46

3.91

6 MONTHS

3.11 PCT

24 MONTHS

2505

3.75

99.47 4.07

12 MONTHS

3.41 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

17,057MN

CLOSED 20 MAY 1993

I