16IB Cred Ag Co 26

RNS No 2654a
PEOPLE'S CONSTRUCTION BANK OF CHINA
10th July 1997


THE PEOPLE'S CONSTRUCTION BANK OF CHINA
USD 70,000,000 TRANCHE A FLOATING RATE NOTES DUE
2000.   XS0044365558
USD 50,000,000 TRANCHE B FLOATING RATE NOTES DUE
1998.   XS0044365806

PLEASE BE ADVISED THAT FOR THE INTEREST PERIOD
FROM 14JLY97 TO 14JAN98 THE NOTES WILL BEAR
INTEREST AS FOLLOWS:
TRANCHE A  6.45938 PCT PER ANNUM
TRANCHE B  6.35938 PCT PER ANNUM

INTEREST PAYABLE VALUE 14JAN98 WILL BE AS FOLLOWS:
TRANCHE A
USD 330.15 PER USD 10,000.00 NOTE AND
USD 3,301.46 PER USD 100,000.00 NOTE.
TRANCHE B
USD 325.03 PER USD 10,000.00 NOTE AND
USD 3,250.35 PER USD 100,000.00 NOTE.


IAN WOODWARD
GLOBAL TRUST AND AGENCY SERVICES
0171 325 8818


END

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