XN000022-1995-12-18 — Page 12

. 11 -

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.85

2 years

2711

5.60

99.95

5.70

1 month

5.83

3 years

3810

6.15

100.72 5.96

3 months

5.68

5 years

5009

6.95

102.44 6.44

6 months

5.64

7 years

7211

6.82

100.41

6.86

12 months

5.59

5 years

M502

7.30

102.28

6.86

Total turnover of EF bills and notes - $5,524 million

Closed December 18, 1995

End