Exchange Fund Bills Tender Results

Tender date                 :   15 July 2003

Paper on offer              :   EF Bills

Issue number                :   Q328

Issue date                  :   16 July 2003

Maturity date               :   15 October 2003

Amount applied              :   HK$17,850 MN

Amount allotted             :   HK$2,183 MN

Average yield accepted      :   0.86 PCT

Highest yield accepted      :   0.87 PCT

Pro rata ratio              :   About 13 PCT

Average tender yield        :   0.88 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 21 July 03 :-

Tender date                 :   22 July 2003

Paper on offer              :   EF Bills

Issue number                :   Q329

Issue date                  :   23 July 2003

Maturity date               :   22 October 2003

Tenor                       :   91 Days

Amount on offer             :   HK$2,308 MN

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

Tender date                 :   22 July 2003

Paper on offer              :   EF Bills

Issue number                :   H369

Issue date                  :   23 July 2003

Maturity date               :   21 January 2004

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, July 15, 2003
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