XN000022-1993-07-13 — Page 7

TUESDAY, JULY 13, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

TENDER RESULTS

TENDER DATE

PAPER ON offer

ISSUE NUMBER

AMOUNT APPLIED

AMOUNT ALLOTTED

AVERAGE YIELD ACCEPTED

13 JUL 93

EF BILLS

Q328

HK$4,160 MN

HK$1,000 MN

3.27 PCT

3.27 PCT

13 JUL 93

KF BILLS

Y391

HK$990 MN

HK$300 MN

3.85 PCT

3.

.89 PCT

ABOUT 88 PCT

3.30 PCT

HIGHEST YIELD ACCEPTED

PRO RATA RATIO

AVERAGE TENDER YIELD

HONG KONG GOVERNMENT EXCHANGE FUND

TENDERS TO BE HELD IN THE WEEK BEGINNING 19 JULY 1993

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

ISSUE DATE

20 JUL 93

EF BILLS

Q329

21 JUL 93

MATURITY DATE

20 OCT 93

TENOR

AMOUNT ON OFFER

91 DAYS

HK$1,000 + 200 MN

ABOUT 33 PCT

3.90 PCT

20 JUL 93

EF BILLS

H369

21 JUL 93

19 JAN 94

182 DAYS

HK$400 + 80 MN

0

17