XN000022-1996-12-31 — Page 9

Hong Kong Monetary Authority tender results

Tender date

:

31 December 1996

Paper on offer

EF Bills

Issue number

:

Q065

Issue date

:

2 January 1997

Maturity date

:

29 January 1997

Amount applied

:

HK$5,715 MN

Amount allotted

:

HK$5,000 MN

Average yield accepted

4.34 PCT

Highest yield accepted

:

4.40 PCT

Pro rata ratio

About 45 PCT

Average tender yield

:

4.35 PCT