Exchange Fund Bills Tender Results

Tender date                 :   27 July 2004

Paper on offer              :   EF Bills

Issue number                :   Q430

Issue date                  :   28 July 2004

Maturity date               :   27 October 2004

Amount applied              :   HK$13,050 MN

Amount allotted             :   HK$3,572 MN

Average yield accepted      :   0.28 PCT

Highest yield accepted      :   0.29 PCT

Pro rata ratio              :   ABOUT 38 PCT

Average tender yield        :   0.30 PCT

* * * * * * * * * * * *

Tender date                 :   27 July 2004

Paper on offer              :   EF Bills

Issue number                :   Y492

Issue date                  :   28 July 2004

Maturity date               :   27 July 2005

Amount applied              :   HK$7,790 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.38 PCT

Highest yield accepted      :   1.39 PCT

Pro rata ratio              :   ABOUT 54 PCT

Average tender yield        :   1.41 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 2 August 04 :-

Tender date                 :   3 August 2004

Paper on offer              :   EF Bills

Issue number                :   Q431

Issue date                  :   4 August 2004

Maturity date               :   3 November 2004

Tenor                       :   91 Days

Amount on offer             :   HK$3,275 MN

* * * * * * * * * * *

Tender date                 :   3 August 2004

Paper on offer              :   EF Bills

Issue number                :   H470

Issue date                  :   4 August 2004

Maturity date               :   2 February 2005

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, July 27, 2004
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