Exchange Fund Bills Tender Results

Tender date                 :   9 July 2002

Paper on offer              :   EF Bills

Issue number                :   Q227

Issue date                  :   10 July 2002

Maturity date               :   9 October 2002

Amount applied              :   HK$15,955 MN

Amount allotted             :   HK$2,041 MN

Average yield accepted      :   1.56 PCT

Highest yield accepted      :   1.57 PCT

Pro rata ratio              :   About 9 PCT

Average tender yield        :   1.59 PCT

* * * * * * * * * * *

Tender date                 :   9 July 2002

Paper on offer              :   EF Bills

Issue number                :   H268

Issue date                  :   10 July 2002

Maturity date               :   8 January 2003

Amount applied              :   HK$9,000 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.69 PCT

Highest yield accepted      :   1.69 PCT

Pro rata ratio              :   About 62 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 - 15 Jul 02 :-

Tender date                 :   16 July 2002

Paper on offer              :   EF Bills

Issue number                :   Q228

Issue date                  :   17 July 2002

Maturity date               :   16 October 2002

Tenor                       :   91 Days

Amount on offer             :   HK$2,067 MN

End/Tuesday, July 9, 2002
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