Hong Kong Monetary Authority Tender Results

Tender date                      :   18 September 2000

Paper on offer                   :   EF Notes

Issue number                     :   5509

Issue date                       :   19 September 2000

Maturity date                    :   19 September 2005

Coupon                           :   6.54%

Amount applied                   :   HK$2,790.5 MN

Amount allotted                  :   HK$600 MN

Average price accepted (yield)   :   99.82 (6.69 PCT)

Lowest price accepted (yield)    :   99.40 (6.79 PCT)

Pro rata ratio                   :   About 99 PCT

Average tender price (yield)     :   99.28 (6.83 PCT)

End/Monday, September 18, 2000
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