Exchange Fund Bills Tender Results

Tender date                 :   22 January 2002

Paper on offer              :   EF Bills

Issue number                :   Q203

Issue date                  :   23 January 2002

Maturity date               :   24 April 2002

Amount applied              :   HK$10,910 MN

Amount allotted             :   HK$2,783 MN

Average yield accepted      :   1.54 PCT

Highest yield accepted      :   1.56 PCT

Pro rata ratio              :   About 10 PCT

Average tender yield        :   1.57 PCT

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

Tender date                 :   22 January 2002

Paper on offer              :   EF Bills

Issue number                :   H256

Issue date                  :   23 January 2002

Maturity date               :   24 July 2002

Amount applied              :   HK$6,440 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.64 PCT

Highest yield accepted      :   1.65 PCT

Pro rata ratio              :   About 6 PCT

Average tender yield        :   1.66 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 28 Jan 02 :-

Tender date                 :   29 January 2002

Paper on offer              :   EF Bills

Issue number                :   Q204

Issue date                  :   30 January 2002

Maturity date               :   2 May 2002

Tenor                       :   92 Days

Amount on offer             :   HK$3,787 MN

End/Tuesday, January 22, 2002
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