Hong Kong Monetary Authority Tender Results

Tender date                      :   12 June 2000

Paper on offer                   :   EF Notes

Issue number                     :   5506

Issue date                       :   13 June 2000

Maturity date                    :   13 June 2005

Coupon                           :   6.93%

Amount applied                   :   HK$4,210.25 MN

Amount allotted                  :   HK$600 MN

Average price accepted (yield)   :   99.81 (7.10 PCT)

Lowest price accepted (yield)    :   99.76 (7.11 PCT)

Pro rata ratio                   :   About 27 PCT

Average tender price (yield)     :   99.66 (7.14 PCT)


End/Monday, June 12, 2000

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