Exchange Fund Bills Tender Results

Tender date                 :   23 January 2001

Paper on offer              :   EF Bills

Issue number                :   Q104

Issue date                  :   29 January 2001

Maturity date               :   25 April 2001

Amount applied              :   HK$11,088 MN

Amount allotted             :   HK$3,603 MN

Average yield accepted      :   4.92 PCT

Highest yield accepted      :   4.94 PCT

Pro rata ratio              :   About 30 PCT

Average tender yield        :   4.96 PCT

* * * * * * * * * *

Tender date                 :   23 January 2001

Paper on offer              :   EF Bills

Issue number                :   H156

Issue date                  :   29 January 2001

Maturity date               :   25 July 2001

Amount applied              :   HK$6,348 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   4.79 PCT

Highest yield accepted      :   4.80 PCT

Pro rata ratio              :   About 93 PCT

Average tender yield        :   4.84 PCT

End/Tuesday, January 23, 2001
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