Exchange Fund Bills Tender Results

Tender date                 :   4 April 2005

Paper on offer              :   EF Bills

Issue number                :   Q514

Issue date                  :   6 April 2005

Maturity date               :   6 July 2005

Amount applied              :   HK$8,320 MN

Amount allotted             :   HK$2,172 MN

Average yield accepted      :   2.43 PCT

Highest yield accepted      :   2.44 PCT

Pro rata ratio              :   About 50 PCT

Average tender yield        :   2.45 PCT

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

Tender date                 :   4 April 2005

Paper on offer              :   EF Bills

Issue number                :   Y588

Issue date                  :   6 April 2005

Maturity date               :   6 April 2006

Amount applied              :   HK$4,720 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   2.84 PCT

Highest yield accepted      :   2.85 PCT

Pro rata ratio              :   About 28 PCT

Average tender yield        :   2.86 PCT

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Hong Kong Monetary Authority
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Tenders to be held in the week beginning - 11 Apr 05 :-

Tender date                 :   12 April 2005

Paper on offer              :   EF Bills

Issue number                :   Q515

Issue date                  :   13 April 2005

Maturity date               :   13 July 2005

Tenor                       :   91 Days

Amount on offer             :   HK$2,282 MN

* * * * * * * * * * *

Tender date                 :   12 April 2005

Paper on offer              :   EF Bills

Issue number                :   H562

Issue date                  :   13 April 2005

Maturity date               :   12 October 2005

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Monday, April 4, 2005
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