Exchange Fund Bills Tender Results

Tender date                 :   20 April 2004

Paper on offer              :   EF Bills

Issue number                :   Q416

Issue date                  :   21 April 2004

Maturity date               :   21 July 2004

Amount applied              :   HK$23,910 MN

Amount allotted             :   HK$2,188 MN

Average yield accepted      :   0.04 PCT

Highest yield accepted      :   0.04 PCT

Pro rata ratio              :   ABOUT 91 PCT

Average tender yield        :   0.07 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 26 Apr 04 :-

Tender date                 :   27 April 2004

Paper on offer              :   EF Bills

Issue number                :   Q486

Issue date                  :   28 April 2004

Maturity date               :   2 June 2004

Tenor                       :   35 Days

Amount on offer             :   HK$500 MN

* * * * * * * * * *

Tender date                 :   27 April 2004

Paper on offer              :   EF Bills

Issue number                :   Q417

Issue date                  :   28 April 2004

Maturity date               :   28 July 2004

Tenor                       :   91 Days

Amount on offer             :   HK$3,469 MN

* * * * * * * * * *

Tender date                 :   27 April 2004

Paper on offer              :   EF Bills

Issue number                :   H463

Issue date                  :   28 April 2004

Maturity date               :   27 October 2004

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, April 20, 2004
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