Exchange Fund Bills Tender Results

Tender date                 :   11 December 2001

Paper on offer              :   EF Bills

Issue number                :   Q150

Issue date                  :   12 December 2001

Maturity date               :   13 March 2002

Amount applied              :   HK$12,285 MN

Amount allotted             :   HK$3,703 MN

Average yield accepted      :   1.49 PCT

Highest yield accepted      :   1.51 PCT

Pro rata ratio              :   About 11 PCT

Average tender yield        :   1.52 PCT

**********************************

Tender date                 :   11 December 2001

Paper on offer              :   EF Bills

Issue number                :   H179

Issue date                  :   12 December 2001

Maturity date               :   12 June 2002

Amount applied              :   HK$8,840 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.61 PCT

Highest yield accepted      :   1.62 PCT

Pro rata ratio              :   About 31 PCT

Average tender yield        :   1.65 PCT

------------------------------------------------------

Hong Kong Monetary Authority
****************************

Tender to be held in the week beginning - 17 Dec 01 :-

Tender date                 :   18 December 2001

Paper on offer              :   EF Bills

Issue number                :   Q151

Issue date                  :   19 December 2001

Maturity date               :   20 March 2002

Tenor                       :   91 Days

Amount on offer             :   HK$2,992 MN

****************************

Tender date                 :   18 December 2001

Paper on offer              :   EF Bills

Issue number                :   Y197

Issue date                  :   19 December 2001

Maturity date               :   18 December 2002

Tenor                       :   364 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, December 11, 2001
NNNN