Exchange Fund Bills Tender Results

Tender date                 :   4 January 2005

Paper on offer              :   EF Bills

Issue number                :   Q501

Issue date                  :   5 January 2005

Maturity date               :   6 April 2005

Amount applied              :   HK$12,162 MN

Amount allotted             :   HK$2,123 MN

Average yield accepted      :   0.12 PCT

Highest yield accepted      :   0.12 PCT

Pro rata ratio              :   About 87 PCT

Average tender yield        :   0.15 PCT

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

Tender date                 :   4 January 2005

Paper on offer              :   EF Bills

Issue number                :   H555

Issue date                  :   5 January 2005

Maturity date               :   6 July 2005

Amount applied              :   HK$8,490 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.33 PCT

Highest yield accepted      :   0.33 PCT

Pro rata ratio              :   About 73 PCT

Average tender yield        :   0.36 PCT

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Hong Kong Monetary Authority
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Tenders to be held in the week beginning - 10 Jan 05 :-

Tender date                 :   11 January 2005

Paper on offer              :   EF Bills

Issue number                :   Q502

Issue date                  :   12 January 2005

Maturity date               :   13 April 2005

Tenor                       :   91 Days

Amount on offer             :   HK$2,233 MN

* * * * * * * * * *

Tender date                 :   11 January 2005

Paper on offer              :   EF Bills

Issue number                :   Y585

Issue date                  :   12 January 2005

Maturity date               :   11 January 2006

Tenor                       :   364 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, January 4, 2005
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