XN000022-1993-09-15 — Page 6

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WEDNESDAY, SEPTEMBER 15, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$ 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

1,525

+475

2,000

NIL

-300

1,700

TWI 112.2 *+0.1* 15.9.93

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

YIELD

1 WEEK

2.82 PCT

14 MONTHS

2411

4.625 101.40

3.42

1 MONTH

2.81 PCT

17 MONTHS

2502

4.75

101.65

3.57

3 MONTHS

2.87 PCT

20 MONTHS

2505

3.75

99.95

3.81

6 MONTHS

3.03 PCT

23 MONTHS

2508

4.625 101.36

3.92

12 MONTHS

3.29 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

9,349 MN

CLOSED 15 SEPTEMBER 1993

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