14 -

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue Coupon Price

Yield

1 week

4.96

2 years

2805 6.30 99.97

6.41

1 month

5.07

3 years

3904

6.80

100.11

6.87

3 months

5.26

5 years

5106

7.23

99.48

7.49

6 months

5.47

7 years

7305

7.60

99.68 7.80

12 months

5.88

5 years

M502

7.30

99.30 7.63

Total turnover of EF bills and notes - $8,589 million

Closed July 30, 1996

End

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