Exchange Fund Bills Tender Results

Tender date                 :   10 June 2003

Paper on offer              :   EF Bills

Issue number                :   Q480

Issue date                  :   11 June 2003

Maturity date               :   17 July 2003

Amount applied              :   HK$6,840 MN

Amount allotted             :   HK$600 MN

Average yield accepted      :   0.92 PCT

Highest yield accepted      :   0.93 PCT

Pro rata ratio              :   About 50 PCT

Average tender yield        :   0.96 PCT

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

Tender date                 :   10 June 2003

Paper on offer              :   EF Bills

Issue number                :   Q323

Issue date                  :   11 June 2003

Maturity date               :   10 September 2003

Amount applied              :   HK$15,650 MN

Amount allotted             :   HK$2,277 MN

Average yield accepted      :   0.92 PCT

Highest yield accepted      :   0.92 PCT

Pro rata ratio              :   About 47 PCT

Average tender yield        :   0.94 PCT

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

Tender date                 :   10 June 2003

Paper on offer              :   EF Bills

Issue number                :   H366

Issue date                  :   11 June 2003

Maturity date               :   10 December 2003

Amount applied              :   HK$12,420 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.91 PCT

Highest yield accepted      :   0.92 PCT

Pro rata ratio              :   About 10 PCT

Average tender yield        :   0.93 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 16 June 03 :-

Tender date                 :   17  June 2003

Paper on offer              :   EF Bills

Issue number                :   Q324

Issue date                  :   18 June 2003

Maturity date               :   17 September 2003

Tenor                       :   91 Days

Amount on offer             :   HK$2,400 MN

End/Tuesday, June 10, 2003
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