XN000022-1995-07-28 — Page 46

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The Admiral's Cup is one of the most prestigious yachting event, second only to the America's Cup. The Admiral's Cup is held every two years, competition is always keen and victories hard won. Hong Kong team had participated in the 1977 Admiral's Cup and again in 1979.

End/Friday, July 28, 1995

Hong Kong Monetary Authority money market operations

*

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,805

0930

+503

Closing balance in the account

2,113

1000

+503

Change attributable to:

1100

+443

Money market activity

+503

1200

+503

LAF today

-195

1500

+503

1600

+503

LAF rate 4.25% bid/6.25% offer TWI 119.1 *+0.1* 28.7.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.29

2 years

2705

6.40

100.72

6.05

1 month

5.38

3 years

3807

6.16

99.40

6.48

3 months

5.45

5 years

5006

6.60

98.25

7.15

6 months

5.53

5 years

M501

7.90

101.72

7.60

12 months 5.63

Total turnover of EF bills and notes - $8,803 million

Closed July 28, 1995

End/Friday, July 28, 1995