Exchange Fund Bills Tender Results

Tender date                 :   30 June 2003

Paper on offer              :   EF Bills

Issue number                :   Q326

Issue date                  :   2 July 2003

Maturity date               :   2 October 2003

Amount applied              :   HK$19,504 MN

Amount allotted             :   HK$2,154 MN

Average yield accepted      :   0.80 PCT

Highest yield accepted      :   0.80 PCT

Pro rata ratio              :   About 94 PCT

Average tender yield        :   0.82 PCT

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Tender date                 :   30 June 2003

Paper on offer              :   EF Bills

Issue number                :   Y391

Issue date                  :   2 July 2003

Maturity date               :   30 June 2004

Amount applied              :   HK$12,520 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.89 PCT

Highest yield accepted      :   0.94 PCT

Pro rata ratio              :   About 20 PCT

Average tender yield        :   0.96 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 7 July 03 :-

Tender date                 :   8 July 2003

Paper on offer              :   EF Bills

Issue number                :   Q327

Issue date                  :   9 July 2003

Maturity date               :   8 October 2003

Tenor                       :   91 Days

Amount on offer             :   HK$2,096 MN

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

Tender date                 :   8 July 2003

Paper on offer              :   EF Bills

Issue number                :   H368

Issue date                  :   9 July 2003

Maturity date               :   7 January 2004

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Monday, June 30, 2003
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