Exchange Fund Bills Tender Results

Tender date                 :   30 December 2003

Paper on offer              :   EF Bills

Issue number                :   Q352

Issue date                  :   31 December 2003

Maturity date               :   31 March 2004

Amount applied              :   HK$10,300 MN

Amount allotted             :   HK$2,184 MN

Average yield accepted      :   -0.06 PCT

Highest yield accepted      :   -0.05 PCT

Pro rata ratio              :   ABOUT 25 PCT

Average tender yield        :   -0.02 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 5 Jan 04 :-

Tender date                 :   6 January 2004

Paper on offer              :   EF Bills

Issue number                :   Q401

Issue date                  :   7 January 2004

Maturity date               :   7 April 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,098 MN

* * * * * * * * * * *

Tender date                 :   6 January 2004

Paper on offer              :   EF Bills

Issue number                :   H455

Issue date                  :   7 January 2004

Maturity date               :   7 July 1004

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, December 30, 2003
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