Exchange Fund Bills Tender Results

Tender date                 :   21 May 2002

Paper on offer              :   EF Bills

Issue number                :   Q474

Issue date                  :   22 May 2002

Maturity date               :   19 June 2002

Amount applied              :   HK$8,590 MN

Amount allotted             :   HK$500 MN

Average yield accepted      :   1.56 PCT

Highest yield accepted      :   1.57 PCT

Pro rata ratio              :   About 66 PCT

Average tender yield        :   1.65 PCT

* * * * * * * * * * *

Tender date                 :   21 May 2002

Paper on offer              :   EF Bills

Issue number                :   Q220

Issue date                  :   22 May 2002

Maturity date               :   21 August 2002

Amount applied              :   HK$13,614 MN

Amount allotted             :   HK$3,004 MN

Average yield accepted      :   1.70 PCT

Highest yield accepted      :   1.71 PCT

Pro rata ratio              :   About 22 PCT

Average tender yield        :   1.72 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 27 May 02 :-

Tender date                 :   28 May 2002

Paper on offer              :   EF Bills

Issue number                :   Q221

Issue date                  :   29 May 2002

Maturity date               :   28 August 2002

Tenor                       :   91 Days

Amount on offer             :   HK$3,421 MN

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

Tender date                 :   28 May 2002

Paper on offer              :   EF Bills

Issue number                :   H265

Issue date                  :   29 May 2002

Maturity date               :   27 November 2002

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, May 21, 2002
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