XN000022-1996-03-14 — Page 26

- 25 -

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.82

2 years

2802

5.16

98.31

6.20

1 month

5.13

3 years

3901

5.57

97.98

6.45

3 months

5.35

5 years

5012

6.38

98.31

6.91

6 months 5.47

7 years

7302

6.02

93.84

7.29

12 months

5.68

5 years

M502

7.30

100.80

7.22

Total turnover of EF bills and notes - $17,306 million

Closed March 14, 1996

End