XN000022-1996-03-18 — Page 13

Tender date

Paper on offer

Issue number

Issue date

-

12 -

Hong Kong Monetary Authority tender results

*

18 Mar 1996

EF notes

5103

19 Mar 1996

Maturity date

19 Mar 2003

Coupon

Amount applied

Amount allotted.

Average price accepted (yield)

Lowest price accepted (yield)

Pro rata ratio

6.75 PCT

HK$2,240 MN

HK$500 MN

99.48 (6.99 PCT)

99.43 (7.01 PCT)

About 12 PCT

Average tender price (yield)

End

99.32 (7.03 PCT)