Exchange Fund Bills Tender Results

Tender date                 :   18 December 2001

Paper on offer              :   EF Bills

Issue number                :   Q151

Issue date                  :   19 December 2001

Maturity date               :   20 March 2002

Amount applied              :   HK$11,790 MN

Amount allotted             :   HK$2,992 MN

Average yield accepted      :   1.52 PCT

Highest yield accepted      :   1.54 PCT

Pro rata ratio              :   About 4 PCT

Average tender yield        :   1.56 PCT

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

Tender date                 :   18 December 2001

Paper on offer              :   EF Bills

Issue number                :   Y197

Issue date                  :   19 December 2001

Maturity date               :   18 December 2002

Amount applied              :   HK$4,650 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   2.09 PCT

Highest yield accepted      :   2.12 PCT

Pro rata ratio              :   About 36 PCT

Average tender yield        :   2.13 PCT

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

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

Tender to be held in the week beginning - 24 Dec 01 :-

Tender date                 :   24 December 2001

Paper on offer              :   EF Bills

Issue number                :   Q470

Issue date                  :   27 December 2001

Maturity date               :   25 January 2002

Tenor                       :   29 Days

Amount on offer             :   HK$600 MN

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

Tender date                 :   24 December 2001

Paper on offer              :   EF Bills

Issue number                :   Q152

Issue date                  :   27 December 2001

Maturity date               :   27 March 2002

Tenor                       :   90 Days

Amount on offer             :   HK$2,474 MN

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

Tender date                 :   24 December 2001

Paper on offer              :   EF Bills

Issue number                :   H180

Issue date                  :   27 December 2001

Maturity date               :   26 June 2002

Tenor                       :   181 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, December 18, 2001
NNNN