Exchange Fund Bills Tender Results

Tender date                 :   19 March 2002

Paper on offer              :   EF Bills

Issue number                :   Q472

Issue date                  :   20 March 2002

Maturity date               :   23 April 2002

Amount applied              :   HK$6,954 MN

Amount allotted             :   HK$600 MN

Average yield accepted      :   1.87 PCT

Highest yield accepted      :   1.88 PCT

Pro rata ratio              :   About 6 PCT

Average tender yield        :   1.91 PCT

* * * * * * * * * * *

Tender date                 :   19 March 2002

Paper on offer              :   EF Bills

Issue number                :   Q211

Issue date                  :   20 March 2002

Maturity date               :   19 June 2002

Amount applied              :   HK$8,440 MN

Amount allotted             :   HK$2,522 MN

Average yield accepted      :   1.99 PCT

Highest yield accepted      :   2.00 PCT

Pro rata ratio              :   About 80 PCT

Average tender yield        :   2.01 PCT

* * * * * * * * * * *

Tender date                 :   19 March 2002

Paper on offer              :   EF Bills

Issue number                :   H260

Issue date                  :   20 March 2002

Maturity date               :   18 September 2002

Amount applied              :   HK$4,200 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   2.23 PCT

Highest yield accepted      :   2.25 PCT

Pro rata ratio              :   About 20 PCT

Average tender yield        :   2.26 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 25 Mar 02 :-

Tender date                 :   26 March 2002

Paper on offer              :   EF Bills

Issue number                :   Q212

Issue date                  :   27 March 2002

Maturity date               :   26 June 2002

Tenor                       :   91 Days

Amount on offer             :   HK$2,557 MN

End/Tuesday, March 19, 2002
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