Exchange Fund Bills Tender Results

Tender date                 :   6 January 2004

Paper on offer              :   EF Bills

Issue number                :   Q401

Issue date                  :   7 January 2004

Maturity date               :   7 April 2004

Amount applied              :   HK$12,790 MN

Amount allotted             :   HK$2,098 MN

Average yield accepted      :   -0.04 PCT

Highest yield accepted      :   -0.03 PCT

Pro rata ratio              :   ABOUT 9 PCT

Average tender yield        :   -0.02 PCT

* * * * * * * * * *

Tender date                 :   6 January 2004

Paper on offer              :   EF Bills

Issue number                :   H455

Issue date                  :   7 January 2004

Maturity date               :   7 July 2004

Amount applied              :   HK$10,900 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.00 PCT

Highest yield accepted      :   0.01 PCT

Pro rata ratio              :   ABOUT 10 PCT

Average tender yield        :   0.02 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 12 Jan 04 :-

Tender date                 :   13 January 2004

Paper on offer              :   EF Bills

Issue number                :   Q402

Issue date                  :   14 January 2004

Maturity date               :   14 April 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,215 MN

* * * * * * * * * * *

Tender date                 :   13 January 2004

Paper on offer              :   EF Bills

Issue number                :   Y485

Issue date                  :   14 January 2004

Maturity date               :   12 January 2005

Tenor                       :   364 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, January 6, 2004
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