Exchange Fund Bills Tender Results

Tender date                 :   13 April 2004

Paper on offer              :   EF Bills

Issue number                :   Q415

Issue date                  :   14 April 2004

Maturity date               :   14 July 2004

Amount applied              :   HK$19,510 MN

Amount allotted             :   HK$2,221 MN

Average yield accepted      :   0.03 PCT

Highest yield accepted      :   0.04 PCT

Pro rata ratio              :   ABOUT 1 PCT

Average tender yield        :   0.05 PCT

* * * * * * * * * *

Tender date                 :   13 April 2004

Paper on offer              :   EF Bills

Issue number                :   H462

Issue date                  :   14 April 2004

Maturity date               :   13 October 2004

Amount applied              :   HK$10,250 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.12 PCT

Highest yield accepted      :   0.13 PCT

Pro rata ratio              :   ABOUT 56 PCT

Average tender yield        :   0.15 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 19 Apr 04 :-

Tender date                 :   20 April 2004

Paper on offer              :   EF Bills

Issue number                :   Q416

Issue date                  :   21 April 2004

Maturity date               :   21 July 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,188 MN


End/Tuesday, April 13, 2004
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