Exchange Fund Bills Tender Results

Tender date                 :   27 April 2004

Paper on offer              :   EF Bills

Issue number                :   Q486

Issue date                  :   28 April 2004

Maturity date               :   2 June 2004

Amount applied              :   HK$13,500 MN

Amount allotted             :   HK$500 MN

Average yield accepted      :   0.00 PCT

Highest yield accepted      :   0.00 PCT

Pro rata ratio              :   ABOUT 9 PCT

Average tender yield        :   0.02 PCT

* * * * * * * * * *

Tender date                 :   27 April 2004

Paper on offer              :   EF Bills

Issue number                :   Q417

Issue date                  :   28 April 2004

Maturity date               :   28 July 2004

Amount applied              :   HK$18,630 MN

Amount allotted             :   HK$3,469 MN

Average yield accepted      :   0.11 PCT

Highest yield accepted      :   0.11 PCT

Pro rata ratio              :   ABOUT 72 PCT

Average tender yield        :   0.14 PCT

* * * * * * * * * *

Tender date                 :   27 April 2004

Paper on offer              :   EF Bills

Issue number                :   H463

Issue date                  :   28 April 2004

Maturity date               :   27 October 2004

Amount applied              :   HK$8,570 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.34 PCT

Highest yield accepted      :   0.35 PCT

Pro rata ratio              :   ABOUT 45 PCT

Average tender yield        :   0.38 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 3 May 04 :-

Tender date                 :   4 May 2004

Paper on offer              :   EF Bills

Issue number                :   Q418

Issue date                  :   5 May 2004

Maturity date               :   4 August 2004

Tenor                       :   91 Days

Amount on offer             :   HK$3,201 MN

* * * * * * * * * *

Tender date                 :   4 May 2004

Paper on offer              :   EF Bills

Issue number                :   Y489

Issue date                  :   5 May 2004

Maturity date               :   4 May 2005

Tenor                       :   364 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, April 27, 2004
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