Exchange Fund Bills Tender Results

Tender date                 :   14 January 2003

Paper on offer              :   EF Bills

Issue number                :   Q302

Issue date                  :   15 January 2003

Maturity date               :   16 April 2003

Amount applied              :   HK$15,360 MN

Amount allotted             :   HK$2,122 MN

Average yield accepted      :   1.23 PCT

Highest yield accepted      :   1.23 PCT

Pro rata ratio              :   About 53 PCT

Average tender yield        :   1.25 PCT

* * * * * * * * * * *

Tender date                 :   14 January 2003

Paper on offer              :   EF Bills

Issue number                :   Y385

Issue date                  :   15 January 2003

Maturity date               :   14 January 2004

Amount applied              :   HK$9,390 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.37 PCT

Highest yield accepted      :   1.38 PCT

Pro rata ratio              :   About 2 PCT

Average tender yield        :   1.39 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 20 Jan 03 :-

Tender date                 :   21 January 2003

Paper on offer              :   EF Bills

Issue number                :   Q303

Issue date                  :   22 January 2003

Maturity date               :   23 April 2003

Tenor                       :   91 Days

Amount on offer             :   HK$2,204 MN

* * * * * * * * * * * *

Tender date                 :   21 January 2003

Paper on offer              :   EF Bills

Issue number                :   H356

Issue date                  :   22 January 2003

Maturity date               :   23 July 2003

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, January 14, 2003
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