Exchange Fund Bills Tender Results

Tender date                 :   17 August 2004

Paper on offer              :   EF Bills

Issue number                :   Q433

Issue date                  :   18 August 2004

Maturity date               :   17 November 2004

Amount applied              :   HK$15,650 MN

Amount allotted             :   HK$2,383 MN

Average yield accepted      :   0.52 PCT

Highest yield accepted      :   0.53 PCT

Pro rata ratio              :   About 33 PCT

Average tender yield        :   0.55 PCT

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Tender date                 :   17 August 2004

Paper on offer              :   EF Bills

Issue number                :   H471

Issue date                  :   18 August 2004

Maturity date               :   16 February 2005

Amount applied              :   HK$8,890 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.84 PCT

Highest yield accepted      :   0.85 PCT

Pro rata ratio              :   About 68 PCT

Average tender yield        :   0.88 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 23 August 04 :-

Tender date                 :   24 August 2004

Paper on offer              :   EF Bills

Issue number                :   Q434

Issue date                  :   25 August 2004

Maturity date               :   24 November 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,720 MN

* * * * * * * * * * *

Tender date                 :   24 August 2004

Paper on offer              :   EF Bills

Issue number                :   Y493

Issue date                  :   25 August 2004

Maturity date               :   24 August 2005

Tenor                       :   364 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, August 17, 2004
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