Exchange Fund Bills Tender Results

Tender date                 :   22 November 2005

Paper on offer              :   EF Bills

Issue number                :   Q492

Issue date                  :   23 November 2005

Maturity date               :   19 December 2005

Amount applied              :   HK$4,630 MN

Amount allotted             :   HK$400 MN

Average yield accepted      :   3.10 PCT

Highest yield accepted      :   3.10 PCT

Pro rata ratio              :   About 100 PCT

Average tender yield        :   3.17 PCT

* * * * * * * * *

Tender date                 :   22 November 2005

Paper on offer              :   EF Bills

Issue number                :   Q547

Issue date                  :   23 November 2005

Maturity date               :   22 February 2006

Amount applied              :   HK$10,390 MN

Amount allotted             :   HK$2,148 MN

Average yield accepted      :   3.52 PCT

Highest yield accepted      :   3.52 PCT

Pro rata ratio              :   About 32 PCT

Average tender yield        :   3.53 PCT

* * * * * * * * *

Tender date                 :   22 November 2005

Paper on offer              :   EF Bills

Issue number                :   H578

Issue date                  :   23 November 2005

Maturity date               :   24 May 2006

Amount applied              :   HK$5,950 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   3.81 PCT

Highest yield accepted      :   3.81 PCT

Pro rata ratio              :   About 32 PCT

Average tender yield        :   3.82 PCT

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Hong Kong Monetary Authority
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Tenders to be held in the week beginning - 28 Nov 2005 :-

Tender date                 :   29 November 2005

Paper on offer              :   EF Bills

Issue number                :   Q548

Issue date                  :   30 November 2005

Maturity date               :   1 March 2006

Tenor                       :   91 Days

Amount on offer             :   HK$3,249 MN

End/Tuesday, November 22, 2005
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