Exchange Fund Bills Tender Results

Tender date                 :   9 March 2004

Paper on offer              :   EF Bills

Issue number                :   Q410

Issue date                  :   10 March 2004

Maturity date               :   9 June 2004

Amount applied              :   HK$18,900 MN

Amount allotted             :   HK$2,346 MN

Average yield accepted      :   0.02 PCT

Highest yield accepted      :   0.02 PCT

Pro rata ratio              :   ABOUT 75 PCT

Average tender yield        :   0.04 PCT

* * * * * * * * * * *

Tender date                 :   9 March 2004

Paper on offer              :   EF Bills

Issue number                :   Y487

Issue date                  :   10 March 2004

Maturity date               :   9 March 2005

Amount applied              :   HK$8,630 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.31 PCT

Highest yield accepted      :   0.32 PCT

Pro rata ratio              :   ABOUT 40 PCT

Average tender yield        :   0.34 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 15 Mar 04 :-

Tender date                 :   16 March 2004

Paper on offer              :   EF Bills

Issue number                :   Q411

Issue date                  :   17 March 2004

Maturity date               :   16 June 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,479 MN

* * * * * * * * * * *

Tender date                 :   16 March 2004

Paper on offer              :   EF Bills

Issue number                :   H460

Issue date                  :   17 March 2004

Maturity date               :   15 September 2004

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, March 9, 2004
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