Exchange Fund Bills Tender Results

Tender date                 :   24 August 2004

Paper on offer              :   EF Bills

Issue number                :   Q434

Issue date                  :   25 August 2004

Maturity date               :   24 November 2004

Amount applied              :   HK$11,616 MN

Amount allotted             :   HK$2,720 MN

Average yield accepted      :   0.46 PCT

Highest yield accepted      :   0.47 PCT

Pro rata ratio              :   About 72 PCT

Average tender yield        :   0.49 PCT

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

Tender date                 :   24 August 2004

Paper on offer              :   EF Bills

Issue number                :   Y493

Issue date                  :   25 August 2004

Maturity date               :   24 August 2005

Amount applied              :   HK$7,470 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.29 PCT

Highest yield accepted      :   1.30 PCT

Pro rata ratio              :   About 33 PCT

Average tender yield        :   1.33 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 30 August 04 :-

Tender date                 :   31 August 2004

Paper on offer              :   EF Bills

Issue number                :   Q435

Issue date                  :   1 September 2004

Maturity date               :   1 December 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,684 MN

* * * * * * * * * * *

Tender date                 :   31 August 2004

Paper on offer              :   EF Bills

Issue number                :   H472

Issue date                  :   1 September 2004

Maturity date               :   2 March 2005

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, August 24, 2004
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