Exchange Fund Bills Tender Results

Tender date                 :   5 July 2005

Paper on offer              :   EF Bills

Issue number                :   Q527

Issue date                  :   6 July 2005

Maturity date               :   5 October 2005

Amount applied              :   HK$10,638 MN

Amount allotted             :   HK$2,225 MN

Average yield accepted      :   3.07 PCT

Highest yield accepted      :   3.08 PCT

Pro rata ratio              :   About 40 PCT

Average tender yield        :   3.10 PCT

* * * * * * * * *

Tender date                 :   5 July 2005

Paper on offer              :   EF Bills

Issue number                :   H568

Issue date                  :   6 July 2005

Maturity date               :   4 January 2006

Amount applied              :   HK$4,700 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   3.14 PCT

Highest yield accepted      :   3.15 PCT

Pro rata ratio              :   About 9 PCT

Average tender yield        :   3.16 PCT

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

Tender date                 :   12 July 2005

Paper on offer              :   EF Bills

Issue number                :   Q528

Issue date                  :   13 July 2005

Maturity date               :   12 October 2005

Tenor                       :   91 Days

Amount on offer             :   HK$2,319 MN

End/Tuesday, July 5, 2005
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