Exchange Fund Bills Tender Results

Tender date                 :   1 February 2005

Paper on offer              :   EF Bills

Issue number                :   Q505

Issue date                  :   2 February 2005

Maturity date               :   4 May 2005

Amount applied              :   HK$9,460 MN

Amount allotted             :   HK$3,369 MN

Average yield accepted      :   0.68 PCT

Highest yield accepted      :   0.69 PCT

Pro rata ratio              :   About 4 PCT

Average tender yield        :   0.70 PCT

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Tender date                 :   1 February 2005

Paper on offer              :   EF Bills

Issue number                :   H557

Issue date                  :   2 February 2005

Maturity date               :   3 August 2005

Amount applied              :   HK$4,170 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.93 PCT

Highest yield accepted      :   0.94 PCT

Pro rata ratio              :   About 30 PCT

Average tender yield        :   0.96 PCT

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Hong Kong Monetary Authority
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Tenders to be held in the week beginning - 7 Feb 05 :-

Tender date                 :   8 February 2005

Paper on offer              :   EF Bills

Issue number                :   Q506

Issue date                  :   14 February 2005

Maturity date               :   11 May 2005

Tenor                       :   86 Days

Amount on offer             :   HK$2,703 MN

* * * * * * * * * *

Tender date                 :   8 February 2005

Paper on offer              :   EF Bills

Issue number                :   Y586

Issue date                  :   14 February 2005

Maturity date               :   8 February 2006

Tenor                       :   359 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, February 1, 2005
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