XN000022-1996-11-13 — Page 9

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The closing date for submission of tenders is noon on Friday, November 29.

Tender form, tender notice and conditions can be obtained from the Lands Department, 14th floor, Murray Building, Garden Road, Hong Kong, and the District Lands Offices of Kowloon and Sai Kung.

Tender plan can also be inspected at these offices.

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$million

(hours)

($million)

Opening balance in the account

2,577

0930

+319

Closing balance in the account

2,451

1000

+319

Change attributable to:

1100

+319

Money market activity

+314

1200

+319

LAF today

- 440

1500

+319

1600

+314

LAF rate 4.00% bid/6.00% offer TWI 124.4 *+0.2* 13.11.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC notes

Terms

Yield

Term

Issue Coupon Price

Yield

1 week

4.90

2 years

1 month

4.89

3 years

3 months

4.92

5 years

2811 5.72 3910 6.28 5109

100.10

5.75

100.74

6.09

7.32

103.28

6.62

6 months

4.99

7 years

7308 7.24

102.41

6.90

12 months 5.23

10 years

5 years M503

1610 7.37

7.35

102.20

7.18

102.00

6.96

Total turnover of EF bills and notes - $17,669 million

Closed November 13, 1996

End