Exchange Fund Bills Tender Results

Tender date                 :   16 September 2003

Paper on offer              :   EF Bills

Issue number                :   Q337

Issue date                  :   17 September 2003

Maturity date               :   17 December 2003

Amount applied              :   HK$13,385 MN

Amount allotted             :   HK$2,405 MN

Average yield accepted      :   0.84 PCT

Highest yield accepted      :   0.84 PCT

Pro rata ratio              :   About 52 PCT

Average tender yield        :   0.86 PCT

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

Tender date                 :   16 September 2003

Paper on offer              :   EF Bills

Issue number                :   H373

Issue date                  :   17 September 2003

Maturity date               :   17 March 2004

Amount applied              :   HK$9,200 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.88 PCT

Highest yield accepted      :   0.88 PCT

Pro rata ratio              :   About 41 PCT

Average tender yield        :   0.90 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 22 Sept 03 :-

Tender date                 :   23 September 2003

Paper on offer              :   EF Bills

Issue number                :   Q482

Issue date                  :   24 September 2003

Maturity date               :   16 October 2003

Tenor                       :   22 Days

Amount on offer             :   HK$600 MN

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

Tender date                 :   23 September 2003

Paper on offer              :   EF Bills

Issue number                :   Q338

Issue date                  :   24 September 2003

Maturity date               :   24 December 2003

Tenor                       :   91 Days

Amount on offer             :   HK$2,215 MN

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

Tender date                 :   23 September 2003

Paper on offer              :   EF Bills

Issue number                :   Y394

Issue date                  :   24 September 2003

Maturity date               :   22 September 2004

Tenor                       :   364 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, September 16, 2003
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