XN000022-1997-01-20 — Page 12

- 11.

Hong Kong Monetary Authority

EF Notes/MTRC Notes

EF Bills

Terms

Yield

Terms

Issue Coupon

Price

Yield

1 week

4.38

2 years

2811 5.72

100.20

5.68

1 month

4.43

3 years

3001

6.17

100.19

6.19

3 months

4.57

5 years

5112

6.57

100.12

6.65

6 months

4.80

7 years

7311

6.80

100.18

6.88

12 months

5.10

10 years

1610

7.37

102.92

7.07

5 years

M503 7.35

102.13

6.91

TOTAL TURNOVER OF EF BILLS AND NOTES - $18,681 MN

CLOSED JANUARY 20, 1997

End