Exchange Fund Bills Tender Results

Tender date                 :   1 April 2003

Paper on offer              :   EF Bills

Issue number                :   Q313

Issue date                  :   2 April 2003

Maturity date               :   2 July 2003

Amount applied              :   HK$15,220 MN

Amount allotted             :   HK$2,144 MN

Average yield accepted      :   1.06 PCT

Highest yield accepted      :   1.06 PCT

Pro rata ratio              :   About 38 PCT

Average tender yield        :   1.08 PCT

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

Tender date                 :   1 April 2003

Paper on offer              :   EF Bills

Issue number                :   H361

Issue date                  :   2 April 2003

Maturity date               :   2 October 2003

Amount applied              :   HK$11,650 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.06 PCT

Highest yield accepted      :   1.07 PCT

Pro rata ratio              :   About 18 PCT

Average tender yield        :   1.09 PCT

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

Tender to be held in the week beginning - 7 Apr 03 :-

Tender date                 :   8 April 2003

Paper on offer              :   EF Bills

Issue number                :   Q314

Issue date                  :   9 April 2003

Maturity date               :   9 July 2003

Tenor                       :   91 Days

Amount on offer             :   HK$2,080 MN

* * * * * * * * * * *

Tender date                 :   8 April 2003

Paper on offer              :   EF Bills

Issue number                :   Y388

Issue date                  :   9 April 2003

Maturity date               :   7 April 2004

Tenor                       :   364 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, April 1, 2003
NNNN