Exchange Fund Bills Tender Results

Tender date                 :   19 October 2004

Paper on offer              :   EF Bills

Issue number                :   Q442

Issue date                  :   20 October 2004

Maturity date               :   19 January 2005

Amount applied              :   HK$10,600 MN

Amount allotted             :   HK$2,200 MN

Average yield accepted      :   0.72 PCT

Highest yield accepted      :   0.73 PCT

Pro rata ratio              :   About 53 PCT

Average tender yield        :   0.75 PCT

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

Tender date                 :   19 October 2004

Paper on offer              :   EF Bills

Issue number                :   Y495

Issue date                  :   20 October 2004

Maturity date               :   19 October 2005

Amount applied              :   HK$6,760 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.21 PCT

Highest yield accepted      :   1.23 PCT

Pro rata ratio              :   About 41 PCT

Average tender yield        :   1.24 PCT

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Hong Kong Monetary Authority
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Tenders to be held in the week beginning - 25 Oct 04 :-

Tender date                 :   26 October 2004

Paper on offer              :   EF Bills

Issue number                :   Q443

Issue date                  :   27 October 2004

Maturity date               :   26 January 2005

Tenor                       :   91 Days

Amount on offer             :   HK$3,617 MN

* * * * * * * * * *

Tender date                 :   26 October 2004

Paper on offer              :   EF Bills

Issue number                :   H476

Issue date                  :   27 October 2004

Maturity date               :   27 April 2005

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, October 19, 2004
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