Exchange Fund Bills Tender Results

Tender date                 :   23 March 2004

Paper on offer              :   EF Bills

Issue number                :   Q412

Issue date                  :   24 March 2004

Maturity date               :   23 June 2004

Amount applied              :   HK$20,030 MN

Amount allotted             :   HK$2,542 MN

Average yield accepted      :   0.03 PCT

Highest yield accepted      :   0.03 PCT

Pro rata ratio              :   ABOUT 47 PCT

Average tender yield        :   0.05 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 29 Mar 04 :-

Tender date                 :   30 March 2004

Paper on offer              :   EF Bills

Issue number                :   Q413

Issue date                  :   31 March 2004

Maturity date               :   30 June 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,213 MN

* * * * * * * * * *

Tender date                 :   30 March 2004

Paper on offer              :   EF Bills

Issue number                :   H461

Issue date                  :   31 March 2004

Maturity date               :   30 September 2004

Tenor                       :   183 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, March 23, 2004
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