Exchange Fund Bills Tender Results

Tender date                 :   28 December 2004

Paper on offer              :   EF Bills

Issue number                :   Q452

Issue date                  :   29 December 2004

Maturity date               :   30 March 2005

Amount applied              :   HK$6,085 MN

Amount allotted             :   HK$2,335 MN

Average yield accepted      :   0.07 PCT

Highest yield accepted      :   0.08 PCT

Pro rata ratio              :   About 91 PCT

Average tender yield        :   0.10 PCT

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Hong Kong Monetary Authority
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Tenders to be held in the week beginning - 3 Jan 05 :-

Tender date                 :   4 January 2005

Paper on offer              :   EF Bills

Issue number                :   Q501

Issue date                  :   5 January 2005

Maturity date               :   6 April 2005

Tenor                       :   91 Days

Amount on offer             :   HK$2,123 MN

* * * * * * * * * *

Tender date                 :   4 January 2005

Paper on offer              :   EF Bills

Issue number                :   H555

Issue date                  :   5 January 2005

Maturity date               :   6 July 2005

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, December 28, 2004
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