Exchange Fund Bills Tender Results

Tender date                 :   2 November 2004

Paper on offer              :   EF Bills

Issue number                :   Q444

Issue date                  :   3 November 2004

Maturity date               :   2 February 2005

Amount applied              :   HK$13,550 MN

Amount allotted             :   HK$3,318 MN

Average yield accepted      :   0.00 PCT

Highest yield accepted      :   0.00 PCT

Pro rata ratio              :   About 91 PCT

Average tender yield        :   0.02 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 8 Nov 04 :-

Tender date                 :   9 November 2004

Paper on offer              :   EF Bills

Issue number                :   Q488

Issue date                  :   10 November 2004

Maturity date               :   8 December 2004

Tenor                       :   28 Days

Amount on offer             :   HK$500 MN

* * * * * * * * * * *

Tender date                 :   9 November 2004

Paper on offer              :   EF Bills

Issue number                :   Q445

Issue date                  :   10 November 2004

Maturity date               :   14 February 2005

Tenor                       :   96 Days

Amount on offer             :   HK$3,191 MN

* * * * * * * * * * *

Tender date                 :   9 November 2004

Paper on offer              :   EF Bills

Issue number                :   H477

Issue date                  :   10 November 2004

Maturity date               :   11 May 2005

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, November 2, 2004
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