Exchange Fund Bills Tender Results

Tender date                 :   25 March 2003

Paper on offer              :   EF Bills

Issue number                :   Q479

Issue date                  :   26 March 2003

Maturity date               :   17 April 2003

Amount applied              :   HK$11,750 MN

Amount allotted             :   HK$600 MN

Average yield accepted      :   1.12 PCT

Highest yield accepted      :   1.12 PCT

Pro rata ratio              :   About 35 PCT

Average tender yield        :   1.15 PCT

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

Tender date                 :   25 March 2003

Paper on offer              :   EF Bills

Issue number                :   Q312

Issue date                  :   26 March 2003

Maturity date               :   25 June 2003

Amount applied              :   HK$16,930 MN

Amount allotted             :   HK$2,459 MN

Average yield accepted      :   1.11 PCT

Highest yield accepted      :   1.12 PCT

Pro rata ratio              :   About 17 PCT

Average tender yield        :   1.14 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 31 Mar 03 :-

Tender date                 :   1 April 2003

Paper on offer              :   EF Bills

Issue number                :   Q313

Issue date                  :   2 April 2003

Maturity date               :   2 July 2003

Tenor                       :   91 Days

Amount on offer             :   HK$2,144 MN

* * * * * * * * * * *

Tender date                 :   1 April 2003

Paper on offer              :   EF Bills

Issue number                :   H361

Issue date                  :   2 April 2003

Maturity date               :   2 October 2003

Tenor                       :   183 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, March 25, 2003
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