Exchange Fund Bills Tender Results

Tender date                 :   12 April 2005

Paper on offer              :   EF Bills

Issue number                :   Q515

Issue date                  :   13 April 2005

Maturity date               :   13 July 2005

Amount applied              :   HK$14,092 MN

Amount allotted             :   HK$2,282 MN

Average yield accepted      :   2.25 PCT

Highest yield accepted      :   2.25 PCT

Pro rata ratio              :   About 27 PCT

Average tender yield        :   2.27 PCT

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

Tender date                 :   12 April 2005

Paper on offer              :   EF Bills

Issue number                :   H562

Issue date                  :   13 April 2005

Maturity date               :   12 October 2005

Amount applied              :   HK$7,140 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   2.40 PCT

Highest yield accepted      :   2.40 PCT

Pro rata ratio              :   About 32 PCT

Average tender yield        :   2.42 PCT

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Hong Kong Monetary Authority
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Tenders to be held in the week beginning - 18 Apr 05 :-

Tender date                 :   19 April 2005

Paper on offer              :   EF Bills

Issue number                :   Q516

Issue date                  :   20 April 2005

Maturity date               :   20 July 2005

Tenor                       :   91 Days

Amount on offer             :   HK$2,243 MN

End/Tuesday, April 12, 2005
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