Hong Kong Monetary Authority Tender Results

Tender date                      :   20 June 2000

Paper on offer                   :   EF Notes

Issue number                     :   1006

Issue date                       :   21 June 2000

Maturity date                    :   21 June 2010

Coupon                           :   7.31%

Amount applied                   :   HK$2,481.55 MN

Amount allotted                  :   HK$500 MN

Average price accepted (yield)   :   100.08 (7.43 PCT)

Lowest price accepted (yield)    :   100.01 (7.44 PCT)

Pro rata ratio                   :   About 28 PCT

Average tender price (yield)     :   99.80 (7.47 PCT)

End/Tuesday, June 20, 2000
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