Exchange Fund Bills Tender Results

Tender date                 :   28 May 2002

Paper on offer              :   EF Bills

Issue number                :   Q221

Issue date                  :   29 May 2002

Maturity date               :   28 August 2002

Amount applied              :   HK$20,390 MN

Amount allotted             :   HK$3,412 MN

Average yield accepted      :   1.55 PCT

Highest yield accepted      :   1.55 PCT

Pro rata ratio              :   About 89 PCT

Average tender yield        :   1.57 PCT

* * * * * * * * * * *

Tender date                 :   28 May 2002

Paper on offer              :   EF Bills

Issue number                :   H265

Issue date                  :   29 May 2002

Maturity date               :   27 November 2002

Amount applied              :   HK$8,310 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.78 PCT

Highest yield accepted      :   1.79 PCT

Pro rata ratio              :   About 28 PCT

Average tender yield        :   1.80 PCT

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

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

Tender to be held in the week beginning - 3 Jun 02 :-

Tender date                 :   4 June 2002

Paper on offer              :   EF Bills

Issue number                :   Q222

Issue date                  :   5 June 2002

Maturity date               :   4 September 2002

Tenor                       :   91 Days

Amount on offer             :   HK$2,872 MN

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

Tender date                 :   4 June 2002

Paper on offer              :   EF Bills

Issue number                :   Y290

Issue date                  :   5 June 2002

Maturity date               :   5 June 2003

Tenor                       :   365 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, May 28, 2002
NNNN