Exchange Fund Bills Tender Results

Tender date                 :   31 August 2004

Paper on offer              :   EF Bills

Issue number                :   Q435

Issue date                  :   1 September 2004

Maturity date               :   1 December 2004

Amount applied              :   HK$12,000 MN

Amount allotted             :   HK$2,684 MN

Average yield accepted      :   0.55 PCT

Highest yield accepted      :   0.56 PCT

Pro rata ratio              :   About 66 PCT

Average tender yield        :   0.57 PCT

* * * * * * * * * * * * *

Tender date                 :   31 August 2004

Paper on offer              :   EF Bills

Issue number                :   H472

Issue date                  :   1 September 2004

Maturity date               :   2 March 2005

Amount applied              :   HK$7,350 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.84 PCT

Highest yield accepted      :   0.85 PCT

Pro rata ratio              :   About 25 PCT

Average tender yield        :   0.87 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 6 Sept 04 :-

Tender date                 :   7 September 2004

Paper on offer              :   EF Bills

Issue number                :   Q436

Issue date                  :   8 September 2004

Maturity date               :   8 December 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,365 MN

End/Tuesday, August 31, 2004
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