XN000022-1994-01-04 — Page 12

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TUESDAY, JANUARY 4, 1994

HONG KONG GOVERNMENT EXCHANGE FUND

TENDERS TO BE HELD IN THE WEEK BEGINNING 10 JANUARY 1994

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

ISSUE DATE

11 JAN 94

EF BILLS

Q402

12 JAN 94

++

MATURITY DATE

13 APR 94

TENOR

91 DAYS

AMOUNT ON OFFER

HK$1,200 + 240 MN

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

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 127.8 *+0.3* 4.1.94

$ MILLION

3,900

+100

4,000

NIL

-700

3,300

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.98 PCT

14 MONTHS

2502

4.75

101.23

1 MONTH

2.99 PCT

3 MONTHS

3.11 PCT

20 MONTHS

17 MONTHS 2505

2508

3.75

3.65

99.88 3.88

4.625

100.91

6 MONTHS 3.21 PCT

23 MONTHS

2511

4.15

4.08

99.87 4.27

12 MONTHS 3.55 PCT 34 MONTHS

3610

4.20

98.75

4.73

TOTAL TURNOVER OF BILLS AND BONDS 30,963 MN

-

CLOSED 4 JANUARY 1994