Exchange Fund Bills Tender Results

Tender date                 :   26 July 2005

Paper on offer              :   EF Bills

Issue number                :   Q530

Issue date                  :   27 July 2005

Maturity date               :   26 October 2005

Amount applied              :   HK$12,680 MN

Amount allotted             :   HK$3,796 MN

Average yield accepted      :   2.89 PCT

Highest yield accepted      :   2.90 PCT

Pro rata ratio              :   About 61 PCT

Average tender yield        :   2.91 PCT

* * * * * * * * * *

Tender date                 :   26 July 2005

Paper on offer              :   EF Bills

Issue number                :   Y592

Issue date                  :   27 July 2005

Maturity date               :   26 July 2006

Amount applied              :   HK$4,340 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   3.13 PCT

Highest yield accepted      :   3.16 PCT

Pro rata ratio              :   About 8 PCT

Average tender yield        :   3.16 PCT

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Hong Kong Monetary Authority
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Tenders to be held in the week beginning - 1 Aug 05:-

Tender date                 :   2 August 2005

Paper on offer              :   EF Bills

Issue number                :   Q531

Issue date                  :   3 August 2005

Maturity date               :   2 November 2005

Tenor                       :   91 Days

Amount on offer             :   HK$3,622 MN

* * * * * * * * *

Tender date                 :   2 August 2005

Paper on offer              :   EF Bills

Issue number                :   H570

Issue date                  :   3 August 2005

Maturity date               :   1 February 2006

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, July 26, 2005
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