Exchange Fund Bills Tender Results

Tender date                 :   27 May 2003

Paper on offer              :   EF Bills

Issue number                :   Q321

Issue date                  :   28 May 2003

Maturity date               :   27 August 2003

Amount applied              :   HK$20,665.5 MN

Amount allotted             :   HK$3,749 MN

Average yield accepted      :   1.05 PCT

Highest yield accepted      :   1.06 PCT

Pro rata ratio              :   About 50 PCT

Average tender yield        :   1.07 PCT

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Tender date                 :   27 May 2003

Paper on offer              :   EF Bills

Issue number                :   H365

Issue date                  :   28 May 2003

Maturity date               :   26 November 2003

Amount applied              :   HK$12,640 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.04 PCT

Highest yield accepted      :   1.04 PCT

Pro rata ratio              :   About 29 PCT

Average tender yield        :   1.06 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 2 June 03 :-

Tender date                 :   3 June 2003

Paper on offer              :   EF Bills

Issue number                :   Q322

Issue date                  :   5 June 2003

Maturity date               :   3 September 2003

Tenor                       :   90 Days

Amount on offer             :   HK$2,218 MN

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

Tender date                 :   3 June 2003

Paper on offer              :   EF Bills

Issue number                :   Y390

Issue date                  :   5 June 2003

Maturity date               :   2 June 2004

Tenor                       :   363 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, May 27, 2003
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