Exchange Fund Bills Tender Results

Tender date                 :   25 November 2003

Paper on offer              :   EF Bills

Issue number                :   Q347

Issue date                  :   26 November 2003

Maturity date               :   25 February 2004

Amount applied              :   HK$15,090.5 MN

Amount allotted             :   HK$3,273 MN

Average yield accepted      :   0.02 PCT

Highest yield accepted      :   0.02 PCT

Pro rata ratio              :   ABOUT 60 PCT

Average tender yield        :   0.04 PCT

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

Tender date                 :   25 November 2003

Paper on offer              :   EF Bills

Issue number                :   H378

Issue date                  :   26 November 2003

Maturity date               :   27 May 2004

Amount applied              :   HK$8,760 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.18 PCT

Highest yield accepted      :   0.18 PCT

Pro rata ratio              :   ABOUT 92 PCT

Average tender yield        :   0.21 PCT

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

Tender date                 :   2 December 2003

Paper on offer              :   EF Bills

Issue number                :   Q348

Issue date                  :   3 December 2003

Maturity date               :   3 March 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,353 MN

End/Tuesday, November 25, 2003
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