Exchange Fund Bills Tender Results

Tender date                 :   24 June 2003

Paper on offer              :   EF Bills

Issue number                :   Q325

Issue date                  :   25 June 2003

Maturity date               :   24 September 2003

Amount applied              :   HK$18,455 MN

Amount allotted             :   HK$2,625 MN

Average yield accepted      :   0.76 PCT

Highest yield accepted      :   0.77 PCT

Pro rata ratio              :   About 18 PCT

Average tender yield        :   0.78 PCT

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

Tender date                 :   24 June 2003

Paper on offer              :   EF Bills

Issue number                :   H367

Issue date                  :   25 June 2003

Maturity date               :   24 December 2003

Amount applied              :   HK$12,520 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.77 PCT

Highest yield accepted      :   0.78 PCT

Pro rata ratio              :   About 12 PCT

Average tender yield        :   0.79 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 30 June 03 :-

Tender date                 :   30 June 2003

Paper on offer              :   EF Bills

Issue number                :   Q326

Issue date                  :   2 July 2003

Maturity date               :   2 October 2003

Tenor                       :   92 Days

Amount on offer             :   HK$2,154 MN

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

Tender date                 :   30 June 2003

Paper on offer              :   EF Bills

Issue number                :   Y391

Issue date                  :   2 July 2003

Maturity date               :   30 June 2004

Tenor                       :   364 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, June 24, 2003
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