Exchange Fund Bills Tender Results

Tender date                 :   26 October 2004

Paper on offer              :   EF Bills

Issue number                :   Q443

Issue date                  :   27 October 2004

Maturity date               :   26 January 2005

Amount applied              :   HK$22,850 MN

Amount allotted             :   HK$3,617 MN

Average yield accepted      :   0.28 PCT

Highest yield accepted      :   0.28 PCT

Pro rata ratio              :   About 35 PCT

Average tender yield        :   0.30 PCT

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

Tender date                 :   26 October 2004

Paper on offer              :   EF Bills

Issue number                :   H476

Issue date                  :   27 October 2004

Maturity date               :   27 April 2005

Amount applied              :   HK$15,330 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.45 PCT

Highest yield accepted      :   0.45 PCT

Pro rata ratio              :   About 12 PCT

Average tender yield        :   0.47 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 1 Nov 04 :-

Tender date                 :   2 November 2004

Paper on offer              :   EF Bills

Issue number                :   Q444

Issue date                  :   3 November 2004

Maturity date               :   2 February 2005

Tenor                       :   91 Days

Amount on offer             :   HK$3,318 MN

End/Tuesday, October 26, 2004
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