Exchange Fund Bills Tender Results

Tender date                 :   10 December 2002

Paper on offer              :   EF Bills

Issue number                :   Q478

Issue date                  :   11 December 2002

Maturity date               :   14 January 2003

Amount applied              :   HK$9,800 MN

Amount allotted             :   HK$600 MN

Average yield accepted      :   1.21 PCT

Highest yield accepted      :   1.21 PCT

Pro rata ratio              :   About 75 PCT

Average tender yield        :   1.28 PCT

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Tender date                 :   10 December 2002

Paper on offer              :   EF Bills

Issue number                :   Q249

Issue date                  :   11 December 2002

Maturity date               :   12 March 2003

Amount applied              :   HK$13,210 MN

Amount allotted             :   HK$2,742 MN

Average yield accepted      :   1.29 PCT

Highest yield accepted      :   1.30 PCT

Pro rata ratio              :   About 44 PCT

Average tender yield        :   1.31 PCT

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

Tender date                 :   10 December 2002

Paper on offer              :   EF Bills

Issue number                :   H279

Issue date                  :   11 December 2002

Maturity date               :   11 June 2003

Amount applied              :   HK$7,118 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.35 PCT

Highest yield accepted      :   1.35 PCT

Pro rata ratio              :   About 91 PCT

Average tender yield        :   1.37 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 16 Dec 02 :-

Tender date                 :   17 December 2002

Paper on offer              :   EF Bills

Issue number                :   Q250

Issue date                  :   18 December 2002

Maturity date               :   19 March 2003

Tenor                       :   91 Days

Amount on offer             :   HK$2,212 MN

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

Tender date                 :   17 December 2002

Paper on offer              :   EF Bills

Issue number                :   Y297

Issue date                  :   18 December 2002

Maturity date               :   17 December 2003

Tenor                       :   364 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, December 10, 2002
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