Exchange Fund Bills Tender Results

Tender date                 :   3 May 2005

Paper on offer              :   EF Bills

Issue number                :   Q518

Issue date                  :   4 May 2005

Maturity date               :   3 August 2005

Amount applied              :   HK$19,750 MN

Amount allotted             :   HK$3,491 MN

Average yield accepted      :   1.50 PCT

Highest yield accepted      :   1.51 PCT

Pro rata ratio              :   About 88 PCT

Average tender yield        :   1.53 PCT

* * * * * * * * * *

Tender date                 :   3 May 2005

Paper on offer              :   EF Bills

Issue number                :   Y589

Issue date                  :   4 May 2005

Maturity date               :   3 May 2006

Amount applied              :   HK$6,270 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   2.08 PCT

Highest yield accepted      :   2.10 PCT

Pro rata ratio              :   About 33 PCT

Average tender yield        :   2.13 PCT

---------------------------- Hong Kong Monetary Authority ****************************

Tenders to be held in the week beginning - 9 May 05 :-

Tender date                 :   10 May 2005

Paper on offer              :   EF Bills

Issue number                :   Q519

Issue date                  :   11 May 2005

Maturity date               :   10 August 2005

Tenor                       :   91 Days

Amount on offer             :   HK$2,743 MN

* * * * * * * * * * *

Tender date                 :   10 May 2005

Paper on offer              :   EF Bills

Issue number                :   H564

Issue date                  :   11 May 2005

Maturity date               :   9 November 2005

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN


End/Tuesday, May 3, 2005
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