Exchange Fund Bills Tender Results

Tender date                 :   24 December 2001

Paper on offer              :   EF Bills

Issue number                :   Q152

Issue date                  :   27 December 2001

Maturity date               :   27 March 2002

Amount applied              :   HK$6,190 MN

Amount allotted             :   HK$2,474 MN

Average yield accepted      :   1.68 PCT

Highest yield accepted      :   1.69 PCT

Pro rata ratio              :   About 75 PCT

Average tender yield        :   1.72 PCT

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Tender date                 :   24 December 2001

Paper on offer              :   EF Bills

Issue number                :   Q470

Issue date                  :   27 December 2001

Maturity date               :   25 January 2002

Amount applied              :   HK$3,820 MN

Amount allotted             :   HK$600 MN

Average yield accepted      :   1.66 PCT

Highest yield accepted      :   1.67 PCT

Pro rata ratio              :   About 50 PCT

Average tender yield        :   1.73 PCT

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Tender date                 :   24 December 2001

Paper on offer              :   EF Bills

Issue number                :   H180

Issue date                  :   27 December 2001

Maturity date               :   26 June 2002

Amount applied              :   HK$3,870 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.76 PCT

Highest yield accepted      :   1.78 PCT

Pro rata ratio              :   About 85 PCT

Average tender yield        :   1.81 PCT

End/Monday, December 24, 2001