Exchange Fund Bills Tender Results

Tender date                 :   3 February 2004

Paper on offer              :   EF Bills

Issue number                :   Q405

Issue date                  :   4 February 2004

Maturity date               :   5 May 2004

Amount applied              :   HK$22,358 MN

Amount allotted             :   HK$3,218 MN

Average yield accepted      :   0.02 PCT

Highest yield accepted      :   0.02 PCT

Pro rata ratio              :   ABOUT 92 PCT

Average tender yield        :   0.05 PCT

* * * * * * * * * * *

Tender date                 :   3 February 2004

Paper on offer              :   EF Bills

Issue number                :   H457

Issue date                  :   4 February 2004

Maturity date               :   4 August 2004

Amount applied              :   HK$9,030 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.15 PCT

Highest yield accepted      :   0.16 PCT

Pro rata ratio              :   ABOUT 41 PCT

Average tender yield        :   0.19 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 9 Feb 04 :-

Tender date                 :   10 February 2004

Paper on offer              :   EF Bills

Issue number                :   Q406

Issue date                  :   11 February 2004

Maturity date               :   12 May 2004

Tenor                       :   91 Days

Amount on offer             :   HK$3,164 MN

* * * * * * * * * * *

Tender date                 :   10 February 2004

Paper on offer              :   EF Bills

Issue number                :   Y486

Issue date                  :   11 February 2004

Maturity date               :   14 February 2005

Tenor                       :   369 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, February 3, 2004
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