Exchange Fund Bills Tender Results

Tender date                 :   15 March 2005

Paper on offer              :   EF Bills

Issue number                :   Q511

Issue date                  :   16 March 2005

Maturity date               :   15 June 2005

Amount applied              :   HK$16,897 MN

Amount allotted             :   HK$2,740 MN

Average yield accepted      :   1.74 PCT

Highest yield accepted      :   1.75 PCT

Pro rata ratio              :   About 10 PCT

Average tender yield        :   1.76 PCT

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

Tender date                 :   15 March 2005

Paper on offer              :   EF Bills

Issue number                :   H560

Issue date                  :   16 March 2005

Maturity date               :   14 September 2005

Amount applied              :   HK$5,460 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   2.00 PCT

Highest yield accepted      :   2.01 PCT

Pro rata ratio              :   ABOUT 1 PCT

Average tender yield        :   2.02 PCT

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Hong Kong Monetary Authority
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Tenders to be held in the week beginning - 21 Mar 05 :-

Tender date                 :   22 March 2005

Paper on offer              :   EF Bills

Issue number                :   Q512

Issue date                  :   23 March 2005

Maturity date               :   22 June 2005

Tenor                       :   91 Days

Amount on offer             :   HK$3,448 MN

End/Tuesday, March 15, 2005
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