Exchange Fund Bills Tender Results

Tender date                 :   6 May 2003

Paper on offer              :   EF Bills

Issue number                :   Q318

Issue date                  :   7 May 2003

Maturity date               :   6 August 2003

Amount applied              :   HK$17,821 MN

Amount allotted             :   HK$3,048 MN

Average yield accepted      :   1.15 PCT

Highest yield accepted      :   1.15 PCT

Pro rata ratio              :   About 96 PCT

Average tender yield        :   1.17 PCT

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

Tender date                 :   6 May 2003

Paper on offer              :   EF Bills

Issue number                :   Y389

Issue date                  :   7 May 2003

Maturity date               :   5 May 2004

Amount applied              :   HK$9,195 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.20 PCT

Highest yield accepted      :   1.20 PCT

Pro rata ratio              :   About 90 PCT

Average tender yield        :   1.23 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 12 May 03 :-

Tender date                 :   13 May 2003

Paper on offer              :   EF Bills

Issue number                :   Q319

Issue date                  :   14 May 2003

Maturity date               :   13 August 2003

Tenor                       :   91 Days

Amount on offer             :   HK$3,128 MN

* * * * * * * * * * *

Tender date                 :   13 May 2003

Paper on offer              :   EF Bills

Issue number                :   H364

Issue date                  :   14 May 2003

Maturity date               :   12 Nov 2003

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, May 6, 2003
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