Exchange Fund Bills Tender Results

Tender date                 :   8 June 2004

Paper on offer              :   EF Bills

Issue number                :   Q423

Issue date                  :   9 June 2004

Maturity date               :   8 September 2004

Amount applied              :   HK$14,020 MN

Amount allotted             :   HK$2,393 MN

Average yield accepted      :   0.23 PCT

Highest yield accepted      :   0.25 PCT

Pro rata ratio              :   ABOUT 24 PCT

Average tender yield        :   0.27 PCT

* * * * * * * * * *

Tender date                 :   8 June 2004

Paper on offer              :   EF Bills

Issue number                :   H466

Issue date                  :   9 June 2004

Maturity date               :   8 December 2004

Amount applied              :   HK$8,980 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.58 PCT

Highest yield accepted      :   0.59 PCT

Pro rata ratio              :   ABOUT 18 PCT

Average tender yield        :   0.61 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning -14 June 04 :-

Tender date                 :   15 June 2004

Paper on offer              :   EF Bills

Issue number                :   Q424

Issue date                  :   16 June 2004

Maturity date               :   15 September 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,591 MN

End/Tuesday, June 8, 2004
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