Hong Kong Monetary Authority Tender Results

Tender date                      :   9 February 2000

Paper on offer                   :   EF Notes

Issue number                     :   2202

Issue date                       :   10 February 2000

Maturity date                    :   11 February 2002

Coupon                           :   6.47%

Amount applied                   :   HK$3,668 MN

Amount allotted                  :   HK$600 MN

Average price accepted (yield)   :   99.88 (6.64 PCT)

Lowest price accepted (yield)    :   99.86 (6.65 PCT)

Pro rata ratio                   :   About 8 PCT

Average tender price (yield)     :   99.75 (6.71 PCT)

End/Wednesday, February 9, 2000
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