XN000022-1996-04-22 — Page 13

Tender date

Paper on offer

Issue number

- 12

+

Hong Kong Monetary Authority tender results

22 APR 1996

EF notes

3904

23 APR 1996

Issue date

Maturity date

23 APR 1999

Coupon

Amount applied

6.30 PCT

HK$3.360 MN

HK$500 MN

Amount allotted

Average price accepted (yield)

100.05 (6.38 PCT)

Lowest price accepted (yield)

Pro rata ratio

100.05 (6.38 PCT)

About 50 PCT

Average tender price (yield)

99,99 (6,40 PCT)

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change ($million)

Opening balance in the account

1.784

0930

+1.016

Closing balance in the account

2,125

1000

+1,016

Change attributable to:

1100

+1,016

Money market activity

+1,016

1200

+1,016

LAF today

-675

1500

+1,016

1600

+1,016

LAF rate 4.00% bid/6.00% offer TWI 123.9 *+0.0* 22.4.96