XN000022-1996-11-04 — Page 14

Tender Amount

Other details

End

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13

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: Each tender must be for an amount of HK$50,000 or

integral multiples thereof. Members of the public who wish to tender for the Notes may approach Market Makers or Recognized Dealers on the published list

: Please see Information Memorandum published or

approach Market Makers or Recognized Dealers

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

2,459

0930

+439

Closing balance in the account

2,355

1000

+439

Change attributable to:

1100

+439

Money market activity

+371

1200

+439

LAF today

- 475

1500

+448

1600

+371

LAF rate 4.00% bid/6.00% offer TWI 124.7 -0.1* 4.11.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC

Terms

Yield

Term

Issue Coupon

Price

Yield

1 week

4.94

2 years

2808

6.00

100.06

5.71

1 month

4.93

3 years

3910

6.28

100.57

6.16

3 months

4.97

5 years

5109

7.32

102.86

6.72

6 months

5.01

7 years

7308

7.24

101.54

7.07

12 months

5.29

10 years

1610

7.37

100.85

7.38

5 years M503 7.35

101.68

7.05

Total turnover of EF bills and notes - $22,062 million

1

Closed November 4, 1996

End