Exchange Fund Bills Tender Results

Tender date                 :   4 May 2004

Paper on offer              :   EF Bills

Issue number                :   Q418

Issue date                  :   5 May 2004

Maturity date               :   4 August 2004

Amount applied              :   HK$23,630 MN

Amount allotted             :   HK$3,201 MN

Average yield accepted      :   0.22 PCT

Highest yield accepted      :   0.24 PCT

Pro rata ratio              :   ABOUT 22 PCT

Average tender yield        :   0.27 PCT

* * * * * * * * * *

Tender date                 :   4 May 2004

Paper on offer              :   EF Bills

Issue number                :   Y489

Issue date                  :   5 May 2004

Maturity date               :   4 May 2005

Amount applied              :   HK$8,000 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.03 PCT

Highest yield accepted      :   1.04 PCT

Pro rata ratio              :   ABOUT 85 PCT

Average tender yield        :   1.09 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 10 May 04 :-

Tender date                 :   11 May 2004

Paper on offer              :   EF Bills

Issue number                :   Q419

Issue date                  :   12 May 2004

Maturity date               :   11 August 2004

Tenor                       :   91 Days

Amount on offer             :   HK$3,179 MN

* * * * * * * * * *

Tender date                 :   11  May 2004

Paper on offer              :   EF Bills

Issue number                :   H464

Issue date                  :   12 May 2004

Maturity date               :   10 November 2004

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, May 4, 2004
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