XN000022-1993-07-27 — Page 15

14

TUESDAY, JULY 27, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

TENDERS TO BE HELD IN THE WEEK BEGINNING 2 AUGUST 1993

3 AUG 93

—

TENDER DATE

PAPER ON OFFER

EF BILLS

ISSUE NUMBER

Q331

ISSUE DATE

4 AUG 93

MATURITY DATE

3 NOV 93

TENOR

91 DAYS

AMOUNT ON OFFER

HK$1,000 + 200 MN

0

TH

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * *

3 AUG 93

EF BILLS

H370

4 AUG 93

2 FEB 94

182 DAYS

HK$400 + 80 MN

$ MILLION

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

1,960

+40

2,000

NIL

-190

1,810

27.7.93

TWI 112.7 *+0.1*

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE

COUPON PRICE YIELD

1 WEEK

1 MONTH

2.51 PCT

13 MONTHS

2408

4.375

100.59 3.84

2.75 PCT

16 MONTHS

2411

4.625

100.76 4.06

3 MONTHS

3.19 PCT

19 MONTHS

2502

4.75

100.76 4.28

6 MONTHS 3.47 PCT

22 MONTHS

2505

3.75

98.75 4.53

12 MONTHS 3.81 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

17,565 MN

CLOSED JULY 27, 1993