Exchange Fund Bills Tender Results

Tender date                 :   27 September 2005

Paper on offer              :   EF Bills

Issue number                :   Q539

Issue date                  :   28 September 2005

Maturity date               :   28 December 2005

Amount applied              :   HK$9,860 MN

Amount allotted             :   HK$2,744 MN

Average yield accepted      :   3.56 PCT

Highest yield accepted      :   3.56 PCT

Pro rata ratio              :   About 52 PCT

Average tender yield        :   3.59 PCT

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

Tender date                 :   27 September 2005

Paper on offer              :   EF Bills

Issue number                :   H574

Issue date                  :   28 September 2005

Maturity date               :   29 March 2006

Amount applied              :   HK$7,150 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   3.69 PCT

Highest yield accepted      :   3.69 PCT

Pro rata ratio              :   About 14 PCT

Average tender yield        :   3.70 PCT

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Hong Kong Monetary Authority
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Tenders to be held in the week beginning - 3 Oct 05:-

Tender date                 :   4 October 2005

Paper on offer              :   EF Bills

Issue number                :   Q540

Issue date                  :   5 October 2005

Maturity date               :   4 January 2006

Tenor                       :   91 Days

Amount on offer             :   HK$2,282 MN

End/Tuesday, September 27, 2005
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