XN000022-1994-04-25 — Page 19

TENDER DATE

18

MONDAY, APRIL 25, 1994

HONG KONG GOVERNMENT EXCHANGE FUND

TENDER RESULTS

* * * * *

25 APR 94

PAPER ON OFFER

ISSUE NUMBER

AMOUNT APPLIED

AMOUNT ALLOTTED

AVERAGE PRICE (YIELD) ACCEPTED

LOWEST PRICK (YIELD) ACCEPTED

PRO RATA RATIO

AVERAGE TENDER PRICE (YIELD)

EF NOTES

3704

HKD 3,530 MN

HKD 500 MN

99.87 (6.29 PCT)

99.85 (6.30 PCT)

ABOUT 90 PCT

99.67 (6.37 PCT)

HONG KONG MONETARY AUTHORITY

MONEY MARKET OPERATIONS

$ MILLION

TIME (HOURS)

CUMULATIVE CHANGE

($ MILLION)

OPENING BALANCE IN THE ACCOUNT

2,150

0930

-346

CLOSING BALANCE IN THE ACCOUNT

1,498

1000

-246

CHANGE ATTRIBUTABLE TO :

1100

+624

MONEY MARKET ACTIVITY

LAF TODAY

+742

1200

+754

-

1,394

1500

+742

1600

+742

LAF RATE 2.00 BID/4.00 OFFER

TWI 125.0 +0.0*

25.4.94

/HONG KONG