Exchange Fund Bills Tender Results

Tender date                 :   8 April 2003

Paper on offer              :   EF Bills

Issue number                :   Q314

Issue date                  :   9 April 2003

Maturity date               :   9 July 2003

Amount applied              :   HK$15,930 MN

Amount allotted             :   HK$2,080 MN

Average yield accepted      :   1.06 PCT

Highest yield accepted      :   1.07 PCT

Pro rata ratio              :   About 1 PCT

Average tender yield        :   1.09 PCT

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

Tender date                 :   8 April 2003

Paper on offer              :   EF Bills

Issue number                :   Y388

Issue date                  :   9 April 2003

Maturity date               :   7 April 2004

Amount applied              :   HK$9,750 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.13 PCT

Highest yield accepted      :   1.14 PCT

Pro rata ratio              :   About 61 PCT

Average tender yield        :   1.16 PCT

----------------------------

Hong Kong Monetary Authority
****************************

Tender to be held in the week beginning - 14 Apr 03 :-

Tender date                 :   15 April 2003

Paper on offer              :   EF Bills

Issue number                :   Q315

Issue date                  :   16 April 2003

Maturity date               :   16 July 2003

Tenor                       :   91 Days

Amount on offer             :   HK$2,142 MN

* * * * * * * * * * *

Tender date                 :   15 April 2003

Paper on offer              :   EF Bills

Issue number                :   H362

Issue date                  :   16 April 2003

Maturity date               :   15 October 2003

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, April 8, 2003
NNNN