XN000022-1996-12-31 — Page 12

11.

Hong Kong Monetary Authority

EF Notes/MTRC Notes

EF Bills

Terms

Yield

Terms

Issue

Coupon

Price

Yield

1 week

4.59

2 years

2811

5.72

100.37

5.58

1 month

4.33

3 years

3910

6.28

100.87

6.02

3 months

4.45

5 years

5112

6.57

99.90

6.70

6 months

4.65

7 years

7311

6.80

99.49

7.01

12 months

5.00

10 years

1610

7.37

101.56

7.27

5 years

M503

7.35

101.87

6.99

TOTAL TURNOVER OF EF BILLS AND NOTES - $17,327 MN

CLOSED DECEMBER 31, 1996

End