Exchange Fund Bills Tender Results

Tender date                 :   21 January 2003

Paper on offer              :   EF Bills

Issue number                :   Q303

Issue date                  :   22 January 2003

Maturity date               :   23 April 2003

Amount applied              :   HK$21,018 MN

Amount allotted             :   HK$2,204 MN

Average yield accepted      :   1.22 PCT

Highest yield accepted      :   1.22 PCT

Pro rata ratio              :   About 56 PCT

Average tender yield        :   1.24 PCT

* * * * * * * * * * *

Tender date                 :   21 January 2003

Paper on offer              :   EF Bills

Issue number                :   H356

Issue date                  :   22 January 2003

Maturity date               :   23 Jul 2003

Amount applied              :   HK$13,500 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.24 PCT

Highest yield accepted      :   1.25 PCT

Pro rata ratio              :   About 11 PCT

Average tender yield        :   1.27 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 27 Jan 03 :-

Tender date                 :   28 January 2003

Paper on offer              :   EF Bills

Issue number                :   Q304

Issue date                  :   29 January 2003

Maturity date               :   30 April 2003

Tenor                       :   91 Days

Amount on offer             :   HK$4,355 MN

End/Tuesday, January 21, 2003
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