XN000022-1996-01-10 — Page 11

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Tender forms, tender notices and conditions may be obtained from the Lands Department, 14th floor, Murray Building, Garden Road or its district offices in Kowloon, Hong Kong West, Kwai Tsing and North District.

Tender plans can also be inspected at these offices.

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change ($million)

Opening balance in the account

1,950

0930

+51

Closing balance in the account

1,875

1000

+51

Change attributable to:

1100

+51

Money market activity

+40

1200 ·

+40

LAF today

-115

1500

+40

1600

+40

LAF rate 4.25% bid/6.25% offer TWI 123.2 -0.1* 10.1.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.43

2 years

2711

5.60

100.41

5.43

1 month

5.41

3 years

3810

6.15

101.60

5.60

3 months

5.39

5 years 5012

6.38

101.93

6.01

6 months 5.37

7 years

7211

6.82

103.63

6.26

12 months

5.37

5 years M502

7.30

104.32

6.34

Total turnover of EF bills and notes - $21,350 million

Closed January 10, 1996

End