XN000022-1996-01-16 — Page 11

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Hong Kong Monetary Authority

Tenders to be held in the week beginning 22 Jan 1996

Tender date

22 Jan 1996

23 Jan 1996

23 Jan 1996

Paper on offer

EF notes

EF bills

Issue number

3901

Q604

Issue date

23 Jan 1996

24 Jan 1996

EF bills

Y685

24 Jan 1996

Maturity date

25 Jan 1999

24 Apr 1996

22 Jan 1997

Tenor

3 years

91 days

364 days

Amount on offer

HK$500+100MN

HK$1,500+300MN 1K$500+150MN

Coupon

5.57 PCT

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,897

0930

+109

Closing balance in the account

2,166

1000

+109

Change attributable to :

1100

4109

Money market activity

+69

1200

+109

LAF today

+200

1500

+69

1600

+69

LAF rate 4.25% bid/6.25% offer TWI 123.5 *+0.1* 16.1.96