Exchange Fund Bills Tender Results

Tender date                 :   15 June 2004

Paper on offer              :   EF Bills

Issue number                :   Q424

Issue date                  :   16 June 2004

Maturity date               :   15 September 2004

Amount applied              :   HK$11,690 MN

Amount allotted             :   HK$2,591 MN

Average yield accepted      :   0.38 PCT

Highest yield accepted      :   0.39 PCT

Pro rata ratio              :   ABOUT 36 PCT

Average tender yield        :   0.41 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning -21 June 04 :-

Tender date                 :   21 June 2004

Paper on offer              :   EF Bills

Issue number                :   Q425

Issue date                  :   23 June 2004

Maturity date               :   22 September 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,771 MN

* * * * * * * * * * *

Tender date                 :   21 June 2004

Paper on offer              :   EF Bills

Issue number                :   H467

Issue date                  :   23 June 2004

Maturity date               :   22 December 2004

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, June 15, 2004
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