XN000022-1996-09-16 — Page 13

12 -

Hong Kong Monetary Authority

EF bills

EF notes/MTRC

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

4.84

2 years

2808

6.00

99.85

6.17

1 month 4.92

3 years

3907

6.80

100.84

6.57

3 months

5.12

5 years

5106

7.23

100.76

7.16

6 months

5.25

7 years

7308

7.24

99.04

7.56

12 months 5.59

5 years

M503 7.35

99.81

7.53

Total turnover of EF bills and notes - $12,436 million

Closed September 16, 1996

End