Exchange Fund Bills Tender Results

Tender date                 :   15 November 2005

Paper on offer              :   EF Bills

Issue number                :   Q546

Issue date                  :   16 November 2005

Maturity date               :   15 February 2006

Amount applied              :   HK$11,480 MN

Amount allotted             :   HK$2,665 MN

Average yield accepted      :   3.56 PCT

Highest yield accepted      :   3.57 PCT

Pro rata ratio              :   About 72 PCT

Average tender yield        :   3.60 PCT

* * * * * * * * *

Tender date                 :   15 November 2005

Paper on offer              :   EF Bills

Issue number                :   Y596

Issue date                  :   16 November 2005

Maturity date               :   15 November 2006

Amount applied              :   HK$5,900 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   4.18 PCT

Highest yield accepted      :   4.20 PCT

Pro rata ratio              :   About 9 PCT

Average tender yield        :   4.23 PCT

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Hong Kong Monetary Authority
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Tenders to be held in the week beginning - 21 Nov 2005 :-

Tender date                 :   22 November 2005

Paper on offer              :   EF Bills

Issue number                :   Q492

Issue date                  :   23 November 2005

Maturity date               :   19 December 2005

Tenor                       :   26 Days

Amount on offer             :   HK$400 MN

* * * * * * * * *

Tender date                 :   22 November 2005

Paper on offer              :   EF Bills

Issue number                :   Q547

Issue date                  :   23 November 2005

Maturity date               :   22 February 2006

Tenor                       :   91 Days

Amount on offer             :   HK$2,148 MN

* * * * * * * * *

Tender date                 :   22 November 2005

Paper on offer              :   EF Bills

Issue number                :   H578

Issue date                  :   23 November 2005

Maturity date               :   24 May 2006

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, November 15, 2005
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