Hong Kong Monetary Authority Tender Results

Tender date                      :   18 December 2000

Paper on offer                   :   EF Notes

Issue number                     :   5512

Issue date                       :   19 December 2000

Maturity date                    :   19 December 2005

Coupon                           :   6.03%

Amount applied                   :   HK$4,285.2 MN

Amount allotted                  :   HK$600 MN

Average price accepted (yield)   :   100.73 (5.95 PCT)

Lowest price accepted (yield)    :   100.68 (5.96 PCT)

Pro rata ratio                   :   About 23 PCT

Average tender price (yield)     :   100.59 (5.98 PCT)

End/Monday, December 18, 2000
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