Exchange Fund Bills Tender Results

Tender date                 :   25 May 2004

Paper on offer              :   EF Bills

Issue number                :   Q421

Issue date                  :   27 May 2004

Maturity date               :   25 August 2004

Amount applied              :   HK$14,441 MN

Amount allotted             :   HK$2,703 MN

Average yield accepted      :   0.31 PCT

Highest yield accepted      :   0.32 PCT

Pro rata ratio              :   ABOUT 33 PCT

Average tender yield        :   0.34 PCT

* * * * * * * * * *

Tender date                 :   25 May 2004

Paper on offer              :   EF Bills

Issue number                :   H465

Issue date                  :   27 May 2004

Maturity date               :   24 November 2004

Amount applied              :   HK$6,450 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.67 PCT

Highest yield accepted      :   0.67 PCT

Pro rata ratio              :   ABOUT 64 PCT

Average tender yield        :   0.69 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 31 May 04 :-

Tender date                 :   1 June 2004

Paper on offer              :   EF Bills

Issue number                :   Q422

Issue date                  :   2 June 2004

Maturity date               :   1 September 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,567 MN

* * * * * * * * * *

Tender date                 :   1 June 2004

Paper on offer              :   EF Bills

Issue number                :   Y490

Issue date                  :   2 June 2004

Maturity date               :   1 June 2005

Tenor                       :   364 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, May 25, 2004
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