Exchange Fund Bills Tender Results

Tender date                 :   28 June 2005

Paper on offer              :   EF Bills

Issue number                :   Q526

Issue date                  :   29 June 2005

Maturity date               :   28 September 2005

Amount applied              :   HK$8,418 MN

Amount allotted             :   HK$2,438 MN

Average yield accepted      :   2.74 PCT

Highest yield accepted      :   2.75 PCT

Pro rata ratio              :   About 98 PCT

Average tender yield        :   2.77 PCT

* * * * * * * * *

Tender date                 :   28 June 2005

Paper on offer              :   EF Bills

Issue number                :   Y591

Issue date                  :   29 June 2005

Maturity date               :   28 June 2006

Amount applied              :   HK$3,010 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   2.93 PCT

Highest yield accepted      :   2.95 PCT

Pro rata ratio              :   About 18 PCT

Average tender yield        :   2.95 PCT

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Hong Kong Monetary Authority
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Tenders to be held in the week beginning - 4 Jul 05:-

Tender date                 :   5 July 2005

Paper on offer              :   EF Bills

Issue number                :   Q527

Issue date                  :   6 July 2005

Maturity date               :   5 October 2005

Tenor                       :   91 Days

Amount on offer             :   HK$2,225 MN

* * * * * * * * * *

Tender date                 :   5 July 2005

Paper on offer              :   EF Bills

Issue number                :   H568

Issue date                  :   6 July 2005

Maturity date               :   4 January 2006

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, June 28, 2005
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