XN000022-1994-02-14 — Page 16

MONDAY, FEBRUARY 14, 1994

- 15

HONG KONG GOVERNMENT EXCHANGE FUND TENDER RESULTS

TENDER DATE

PAPER ON OFFER

ISSUE NUMBER

AMOUNT APPLIED

AMOUNT ALLOTTED

AVERAGE PRICE (YIELD) ACCEPTED

LOWEST PRICE (YIELD) ACCEPTED

PRO RATA RATIO

14 FEBRUARY 1994

EF NOTES

2602

HK$2,255 MN

HK$500 MN

99.81 (4.55 PCT)

99.80 (4.56PCT)

ABOUT 97.30 PCT

AVERAGE TENDER PRICE (YIELD)

99.75 (4.58 PCT)

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 126.1 *-0.4*

$ MILLION

2,282

+718

3,000

NIL

-640

2,360

14.2.94

HONG KONG