XN000022-1996-09-16 — Page 12

+

Hong Kong Monetary Authority tender results

Tender date

Paper on offer

Issue number

Issue date

16 Sept 1996

EF notes

5109

17 Sept 1996

Maturity date

17 Sept 1996

Coupon

7.32 PCT

Amount applied

Amount allotted

HK$2,230

HK$500 MN

Average price accepted (yield)

100.89 (7.23 PCT)

Lowest price accepted (yield)

100.87 (7.24 PCT)

Pro rata ratio

About 62 PCT

Average tender price (yield)

100.78 (7.26 PCT)

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,877

0930

+281

Closing balance in the account

2,388

1000

+281

Change attributable to:

1100

+281

Money market activity

+281

1200

+281

LAF today

+230

1500

+284

1600

+281

LAF rate 4.00% bid/6.00% offer TWI 124.5 *+0.0* 16.9.96