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Tender date : April 22 1999

Paper on offer : EF Notes

Issue number : 3204

Issue date : April 23 1999

Maturity date : April 23 2002

Coupon : 6.26%

Amount applied : HK$3,550 MN

Amount allotted : HK$600 MN

Average price accepted (yield) : 100.56 (6.15 PCT)

Lowest price accepted (yield) : 100.35 (6.22 PCT)

Pro rata ratio : About 1 PCT

Average tender price (yield) : 100.31 (6.24 PCT)

End/Thursday, April 22 1999

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