Exchange Fund Bills Tender Results

Tender date                 :   10 February 2004

Paper on offer              :   EF Bills

Issue number                :   Q406

Issue date                  :   11 February 2004

Maturity date               :   12 May 2004

Amount applied              :   HK$26,180 MN

Amount allotted             :   HK$3,164 MN

Average yield accepted      :   0.00 PCT

Highest yield accepted      :   0.00 PCT

Pro rata ratio              :   ABOUT 25 PCT

Average tender yield        :   0.01 PCT

* * * * * * * * * * *

Tender date                 :   10 February 2004

Paper on offer              :   EF Bills

Issue number                :   Y486

Issue date                  :   11 February 2004

Maturity date               :   14 February 2005

Amount applied              :   HK$10,670 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.24 PCT

Highest yield accepted      :   0.25 PCT

Pro rata ratio              :   ABOUT 0 PCT

Average tender yield        :   0.27 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 16 Feb 04 :-

Tender date                 :   17 February 2004

Paper on offer              :   EF Bills

Issue number                :   Q407

Issue date                  :   18 February 2004

Maturity date               :   19 May 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,879 MN

* * * * * * * * * * *

Tender date                 :   17 February 2004

Paper on offer              :   EF Bills

Issue number                :   H458

Issue date                  :   18 February 2004

Maturity date               :   18 August 2004

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, February 10, 2004
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