Exchange Fund Bills Tender Results

Tender date                 :   26 August 2003

Paper on offer              :   EF Bills

Issue number                :   Q481

Issue date                  :   27 August 2003

Maturity date               :   25 September 2003

Amount applied              :   HK$9,300 MN

Amount allotted             :   HK$600 MN

Average yield accepted      :   0.77 PCT

Highest yield accepted      :   0.78 PCT

Pro rata ratio              :   About 38 PCT

Average tender yield        :   0.81 PCT

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

Tender date                 :   26 August 2003

Paper on offer              :   EF Bills

Issue number                :   Q334

Issue date                  :   27 August 2003

Maturity date               :   26 November 2003

Amount applied              :   HK$17,204.5 MN

Amount allotted             :   HK$3,266 MN

Average yield accepted      :   0.84 PCT

Highest yield accepted      :   0.85 PCT

Pro rata ratio              :   About 19 PCT

Average tender yield        :   0.87 PCT

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

Tender date                 :   26 August 2003

Paper on offer              :   EF Bills

Issue number                :   Y393

Issue date                  :   27 August 2003

Maturity date               :   25 August 2004

Amount applied              :   HK$7,380 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.16 PCT

Highest yield accepted      :   1.17 PCT

Pro rata ratio              :   About 59 PCT

Average tender yield        :   1.19 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 1 Sept 03 :-

Tender date                 :   2 September 2003

Paper on offer              :   EF Bills

Issue number                :   Q335

Issue date                  :   3 September 2003

Maturity date               :   3 December 2003

Tenor                       :   91 Days

Amount on offer             :   HK$2,272 MN

* * * * * * * * * * *

Tender date                 :   2 September 2003

Paper on offer              :   EF Bills

Issue number                :   H372

Issue date                  :   3 September 2003

Maturity date               :   3 March 2004

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, August 26, 2003
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