Hong Kong Monetary Authority Tender Results

Tender date                      :   13 October 2000

Paper on offer                   :   EF Notes

Issue number                     :   3310

Issue date                       :   16 October 2000

Maturity date                    :   16 October 2003

Coupon                           :   6.27%

Amount applied                   :   HK$4,605.55 MN

Amount allotted                  :   HK$600 MN

Average price accepted (yield)   :   100.09 (6.33 PCT)

Lowest price accepted (yield)    :   100.07 (6.34 PCT)

Pro rata ratio                   :   About 18 PCT

Average tender price (yield)     :   99.97 (6.38 PCT)

End/Friday, October 13, 2000
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