Exchange Fund Bills Tender Results

Tender date                 :   30 September 2003

Paper on offer              :   EF Bills

Issue number                :   Q339

Issue date                  :   2 October 2003

Maturity date               :   31 December 2003

Amount applied              :   HK$14,820 MN

Amount allotted             :   HK$2,189 MN

Average yield accepted      :   0.52 PCT

Highest yield accepted      :   0.53 PCT

Pro rata ratio              :   About 81 PCT

Average tender yield        :   0.55 PCT

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

Tender date                 :   30 September 2003

Paper on offer              :   EF Bills

Issue number                :   H374

Issue date                  :   2 October 2003

Maturity date               :   31 March 2004

Amount applied              :   HK$9,470 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.65 PCT

Highest yield accepted      :   0.66 PCT

Pro rata ratio              :   About 10 PCT

Average tender yield        :   0.68 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 6 Oct 03 :-

Tender date                 :   7 October 2003

Paper on offer              :   EF Bills

Issue number                :   Q340

Issue date                  :   8 October 2003

Maturity date               :   7 January 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,100 MN

End/Tuesday, September 30, 2003
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