Exchange Fund Bills Tender Results

Tender date                 :   23  April 2002

Paper on offer              :   EF Bills

Issue number                :   Q473

Issue date                  :   24 April 2002

Maturity date               :   13 May 2002

Amount applied              :   HK$12,030 MN

Amount allotted             :   HK$600 MN

Average yield accepted      :   1.55 PCT

Highest yield accepted      :   1.55 PCT

Pro rata ratio              :   100 PCT

Average tender yield        :   1.65 PCT

* * * * * * * * * * *

Tender date                 :   23 April 2002

Paper on offer              :   EF Bills

Issue number                :   Q216

Issue date                  :   24 April 2002

Maturity date               :   24 July 2002

Amount applied              :   HK$13,711 MN

Amount allotted             :   HK$2,243 MN

Average yield accepted      :   1.74 PCT

Highest yield accepted      :   1.74 PCT

Pro rata ratio              :   About 96 PCT

Average tender yield        :   1.76 PCT

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

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

Tender to be held in the week beginning - 29 Apr 02 :-

Tender date                 :   30 April 2002

Paper on offer              :   EF Bills

Issue number                :   Q217

Issue date                  :   2 May 2002

Maturity date               :   31 July 2002

Tenor                       :   90 Days

Amount on offer             :   HK$3,957 MN

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

Tender date                 :   30 April 2002

Paper on offer              :   EF Bills

Issue number                :   H263

Issue date                  :   2 May 2002

Maturity date               :   30 October 2002

Tenor                       :   181 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, April 23, 2002
NNNN