Exchange Fund Bills Tender Results

Tender date                 :   5 August 2003

Paper on offer              :   EF Bills

Issue number                :   Q331

Issue date                  :   6 August 2003

Maturity date               :   5 November 2003

Amount applied              :   HK$18,842 MN

Amount allotted             :   HK$3,092 MN

Average yield accepted      :   0.89 PCT

Highest yield accepted      :   0.90 PCT

Pro rata ratio              :   About 48 PCT

Average tender yield        :   0.92 PCT

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

Tender date                 :   5 August 2003

Paper on offer              :   EF Bills

Issue number                :   H370

Issue date                  :   6 August 2003

Maturity date               :   4 February 2004

Amount applied              :   HK$7,310 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.96 PCT

Highest yield accepted      :   0.97 PCT

Pro rata ratio              :   About 26 PCT

Average tender yield        :   0.98 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 11 Aug 03 :-

Tender date                 :   12 August 2003

Paper on offer              :   EF Bills

Issue number                :   Q332

Issue date                  :   13 August 2003

Maturity date               :   12 November 2003

Tenor                       :   91 Days

Amount on offer             :   HK$3,161 MN

End/Tuesday, August 5, 2003
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