Exchange Fund Bills Tender Results

Tender date                 :   11 November 2003

Paper on offer              :   EF Bills

Issue number                :   Q345

Issue date                  :   12 November 2003

Maturity date               :   11 February 2004

Amount applied              :   HK$15,213 MN

Amount allotted             :   HK$3,163 MN

Average yield accepted      :   0.06 PCT

Highest yield accepted      :   0.07 PCT

Pro rata ratio              :   about 63 PCT

Average tender yield        :   0.09 PCT

* * * * * * * * * *

Tender date                 :   11 November 2003

Paper on offer              :   EF Bills

Issue number                :   H377

Issue date                  :   12 November 2003

Maturity date               :   12 May 2004

Amount applied              :   HK$8,050 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.28 PCT

Highest yield accepted      :   0.29 PCT

Pro rata ratio              :   about 21 PCT

Average tender yield        :   0.32 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 17 Nov 03 :-

Tender date                 :   18 November 2003

Paper on offer              :   EF Bills

Issue number                :   Q484

Issue date                  :   19 November 2003

Maturity date               :   19 December 2003

Tenor                       :   30 Days

Amount on offer             :   HK$600 MN

* * * * * * * * * * *

Tender date                 :   18 November 2003

Paper on offer              :   EF Bills

Issue number                :   Q346

Issue date                  :   19 November 2003

Maturity date               :   18 February 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,825 MN

* * * * * * * * * * *

Tender date                 :   18 November 2003

Paper on offer              :   EF Bills

Issue number                :   Y396

Issue date                  :   19 November 2003

Maturity date               :   17 November 2004

Tenor                       :   364 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, November 11, 2003
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