Hong Kong Monetary Authority tender result

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Tender date : November 11, 1998

Paper on offer : EF Notes

Issue number : 2011

Issue date : November 12, 1998

Maturity date : November 13, 2000

Coupon : 6.77 per cent

Amount applied : HK$1,445 MN

Amount allotted : HK$600 MN

Average price accepted (yield) : 99.76 (7.02 PCT)

Lowest price accepted (yield) : 99.72 (7.04 PCT)

Pro rata ratio : About 60 PCT

Average tender price (yield) : 99.68 (7.06 PCT)

End/Wednesday, November 11, 1998

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