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

Tender date : May 27 2003

Paper on offer : EF Bills

Issue number : Q321

Issue date : May 28 2003

Maturity date : August 27 2003

Amount applied : HK$20,665.5 MN

Amount allotted : HK$3,749 MN

Average yield accepted : 1.05 PCT

Highest yield accepted : 1.06 PCT

Pro rata ratio : About 50 PCT

Average tender yield : 1.07 PCT

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

Tender date : May 27 2003

Paper on offer : EF Bills

Issue number : H365

Issue date : May 28 2003

Maturity date : November 26 2003

Amount applied : HK$12,640 MN

Amount allotted : HK$1,300 MN

Average yield accepted : 1.04 PCT

Highest yield accepted : 1.04 PCT

Pro rata ratio : About 29 PCT

Average tender yield : 1.06 PCT

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Hong Kong Monetary Authority

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Tender to be held in the week beginning - June 2 2003 :-

Tender date : June 3 2003

Paper on offer : EF Bills

Issue number : Q322

Issue date : June 5 2003

Maturity date : September 3 2003

Tenor : 90 Days

Amount on offer : HK$2,218 MN

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

Tender date : June 3 2003

Paper on offer : EF Bills

Issue number : Y390

Issue date : June 5 2003

Maturity date : June 2 2004

Tenor : 363 Days

Amount on offer : HK$1,300 MN

End/Tuesday, May 27, 2003

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