Exchange Fund Bills Tender Results

Tender date                 :   13 July 2004

Paper on offer              :   EF Bills

Issue number                :   Q428

Issue date                  :   14 July 2004

Maturity date               :   13 October 2004

Amount applied              :   HK$15,810 MN

Amount allotted             :   HK$2,226 MN

Average yield accepted      :   0.15 PCT

Highest yield accepted      :   0.17 PCT

Pro rata ratio              :   ABOUT 0 PCT

Average tender yield        :   0.18 PCT

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

Tender date                 :   20 July 2004

Paper on offer              :   EF Bills

Issue number                :   Q429

Issue date                  :   21 July 2004

Maturity date               :   20 October 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,189 MN

* * * * * * * * * * *

Tender date                 :   20 July 2004

Paper on offer              :   EF Bills

Issue number                :   H469

Issue date                  :   21 July 2004

Maturity date               :   19 January 2005

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, July 13, 2004
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