Hong Kong Monetary Authority Tender Results

Tender date                      :   10 November 2000

Paper on offer                   :   EF Notes

Issue number                     :   2211

Issue date                       :   13 November 2000

Maturity date                    :   13 November 2002

Coupon                           :   5.92%

Amount applied                   :   HK$6,580 MN

Amount allotted                  :   HK$600 MN

Average price accepted (yield)   :   99.67 (6.19 PCT)

Lowest price accepted (yield)    :   99.65 (6.20 PCT)

Pro rata ratio                   :   About 5 PCT

Average tender price (yield)     :   99.59 (6.24 PCT)

End/Friday, November 10, 2000
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