Exchange Fund Bills Tender Results

Tender date                 :   2 July 2002

Paper on offer              :   EF Bills

Issue number                :   Q476

Issue date                  :   3 July 2002

Maturity date               :   12 August 2002

Amount applied              :   HK$8,950 MN

Amount allotted             :   HK$600 MN

Average yield accepted      :   1.46 PCT

Highest yield accepted      :   1.48 PCT

Pro rata ratio              :   About 100 PCT

Average tender yield        :   1.54 PCT

* * * * * * * * * * *

Tender date                 :   2 July 2002

Paper on offer              :   EF Bills

Issue number                :   Q226

Issue date                  :   3 July 2002

Maturity date               :   2 October 2002

Amount applied              :   HK$12,865 MN

Amount allotted             :   HK$2,045 MN

Average yield accepted      :   1.57 PCT

Highest yield accepted      :   1.58 PCT

Pro rata ratio              :   About 26 PCT

Average tender yield        :   1.60 PCT

* * * * * * * * * * *

Tender date                 :   2 July 2002

Paper on offer              :   EF Bills

Issue number                :   Y291

Issue date                  :   3 July 2002

Maturity date               :   2 July 2003

Amount applied              :   HK$7,250 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.92 PCT

Highest yield accepted      :   1.93 PCT

Pro rata ratio              :   About 25 PCT

Average tender yield        :   1.96 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 8 Jul 02 :-

Tender date                 :   9 July 2002

Paper on offer              :   EF Bills

Issue number                :   Q227

Issue date                  :   10 July 2002

Maturity date               :   9 October 2002

Tenor                       :   91 Days

Amount on offer             :   HK$2,041 MN

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

Tender date                 :   9 July 2002

Paper on offer              :   EF Bills

Issue number                :   H268

Issue date                  :   10 July 2002

Maturity date               :   8 January 2003

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, July 2, 2002
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