Exchange Fund Bills Tender Results

Tender date                 :   18 May 2004

Paper on offer              :   EF Bills

Issue number                :   Q487

Issue date                  :   19 May 2004

Maturity date               :   23 June 2004

Amount applied              :   HK$7,450 MN

Amount allotted             :   HK$600 MN

Average yield accepted      :   0.06 PCT

Highest yield accepted      :   0.06 PCT

Pro rata ratio              :   ABOUT 33 PCT

Average tender yield        :   0.11 PCT

* * * * * * * * * *

Tender date                 :   18 May 2004

Paper on offer              :   EF Bills

Issue number                :   Q420

Issue date                  :   19 May 2004

Maturity date               :   18 August 2004

Amount applied              :   HK$13,200 MN

Amount allotted             :   HK$2,337 MN

Average yield accepted      :   0.46 PCT

Highest yield accepted      :   0.47 PCT

Pro rata ratio              :   ABOUT 84 PCT

Average tender yield        :   0.50 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 24 May 04 :-

Tender date                 :   25 May 2004

Paper on offer              :   EF Bills

Issue number                :   Q421

Issue date                  :   27 May 2004

Maturity date               :   25 August 2004

Tenor                       :   90 Days

Amount on offer             :   HK$2,703 MN

* * * * * * * * * *

Tender date                 :   25 May 2004

Paper on offer              :   EF Bills

Issue number                :   H465

Issue date                  :   27 May 2004

Maturity date               :   24 November 2004

Tenor                       :   181 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, May 18, 2004
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