XN000022-1994-12-19 — Page 17

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Hong Kong Monetary Authority tender results

Tender date

Paper on offer

Issue number

Amount applied

Amount allotted

Average price (Yield) accepted

Lowest price (Yield) accepted

Pro rata ratio

Average tender price (Yield)

End/Monday, December 19, 1994

19 Dec 94

EF notes

5912

HK$3,600 MN

HK$500 MN

99.36 (8.48 PCT)

99.34 (8.49 PCT)

About 4 PCT

99.02 (8.57 PCT)

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,791

0930

-259

Closing balance in the account

4,055

1000

-239

Change attributable to:

1100

-239

Money market activity

+2,479

1200

-239

LAF today

-215

1500

-39

1600

+2,479

LAF rate 3.75% bid/5.75% offer TWI 121.9 +0.1* 19.12.94