Exchange Fund Bills Tender Results

Tender date                 :   5 October 2004

Paper on offer              :   EF Bills

Issue number                :   Q440

Issue date                  :   6 October 2004

Maturity date               :   5 January 2005

Amount applied              :   HK$12,643 MN

Amount allotted             :   HK$2,123 MN

Average yield accepted      :   0.82 PCT

Highest yield accepted      :   0.83 PCT

Pro rata ratio              :   About 60 PCT

Average tender yield        :   0.85 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 11 Oct 04 :-

Tender date                 :   12 October 2004

Paper on offer              :   EF Bills

Issue number                :   Q441

Issue date                  :   13 October 2004

Maturity date               :   12 January 2005

Tenor                       :   91 Days

Amount on offer             :   HK$2,230 MN

* * * * * * * * * *

Tender date                 :   12 October 2004

Paper on offer              :   EF Bills

Issue number                :   H475

Issue date                  :   13 October 2004

Maturity date               :   13 April 2005

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, October 5, 2004
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