Hong Kong Monetary Authority Tender Results

Tender date                      :   14 April 2000

Paper on offer                   :   EF Notes

Issue number                     :   3304

Issue date                       :   17 April 2000

Maturity date                    :   17 April 2003

Coupon                           :   6.47%

Amount applied                   :   HK$3,410.25 MN

Amount allotted                  :   HK$600 MN

Average price accepted (yield)   :   99.91 (6.61 PCT)

Lowest price accepted (yield)    :   99.89 (6.62 PCT)

Pro rata ratio                   :   About 84 PCT

Average tender price (yield)     :   99.79 (6.66 PCT)

End/Friday, April 14, 2000
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