XN000022-1996-12-05 — Page 45

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Hong Kong Monetary Authority tender results

Tender date

:

5 December 1996

Paper on offer

:

EF Bills

Issue number

Q063

Issue

:

6 December 1996

Maturity date

:

3 January 1997

Amount applied

HK$11,950 MN

Amount allotted

:

HK$10,000 MN

Average yield accepted

:

4.44 PCT

Highest yield accepted

:

4.52 PCT

Pro rata ratio

:

About 45 PCT

Average tender yield

:

4.46 PCT

End

Hong Kong Monetary Authority money market operations

$ million

Time (hours)

Cumulative change ($ million)

Opening balance in the account

3,356

0930

+1177

Closing balance in the account

4,112

1000

+1177

Change attributable to:

1100

+1177

Money market activity

+1,018

1200

+1090

LAF today

-262

1500

+1090

1600

+1018

LAF rate 4.00% bid/6.00% offer TWI 125.0 -0.1* 5.12.96