XN000022-1994-01-24 — Page 13

12

MONDAY, JANUARY 24, 1994

HONG KONG GOVERNMENT EXCHANGE FUND TENDER RESULTS

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

AMOUNT APPLIED

AMOUNT ALLOTTED

AVERAGE PRICE ACCEPTED

LOWEST PRICE ACCEPTED

**

24 JAN 94

EF NOTES

3701

HK$4,630 MN

HK$500 MN

100.07

100.06

ABOUT 30 PCT

AVERAGE TENDER PRICE

100.01

PRO RATA RATIO

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

$ MILLION

1,790

+2,210

4,000

NJL

-900

3,100

TWI 127.5 +0.1 * 24..1.94

HONG KONG