XN000022-1993-10-20 — Page 12

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WEDNESDAY, OCTOBER 20, 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

1,935

+1,065

3,000

NIL

+960

3,960

TWI 112.8 *+0.0* 20.10.93

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

YIELD

1 WEEK

2.59 PCT

13 MONTHS

2411

4.625 101,63

3.09

1 MONTH

2.55 PCT

16 MONTHS

2502

4.75

101.94

3.26

3 MONTHS

2.63 PCT

19 MONTHS

2505

3.75

100.42

3.50

6 MONTHS

2.76 PCT

22 MONTHS

2508

4.625

101.81

3.62

12 MONTHS

3.06 PCT

TOTAL TURNOVER OF BILLS AND BONDS

―

13,858MN

CLOSED 20 OCTOBER 1993

I