XN000022-1993-08-23 — Page 17

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HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL. TODAY

MONDAY, AUGUST 23, 1993

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 112.2 +0.0* 23.8.93

$ MILLION

1,560

+440

2,000

NIL

-145

1,855

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

VIELD

1 WEEK

1 MONTH

3 MONTHS

6 MONTHS 3.06 PCT

12 MONTHS 3.33 PCT

2.78 PCT

15 MONTHS 2411

4.625

101.32

3.55

2.80 PCT

2.82 PCT

18 MONTHS

2502

4.75

101.51

3.72

21 MONTHS 2505

4.75

99.57

4.05

24 MONTHS 2508

4.625

100.82

4.23

TOTAL TURNOVER OF BILLS AND BONDS 12,315 MN

CLOSED 23 AUGUST 1993