11

Issue Activity of HKS Debt Securities in 1994 and 1995

Exchange Fund Bills and Notes

(Net Issue Size)

Private Sector Debt Issues

Annex B

(HK$bn)

1994

1995

24.28

6.39

53.29

59.89

of which:

NCDs

36.35

37.36

Other Bonds and Notes

16.94

22.53

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