Exchange Fund Bills Tender Results

Tender date                 :   24 February 2004

Paper on offer              :   EF Bills

Issue number                :   Q485

Issue date                  :   25 February 2004

Maturity date               :   24 March 2004

Amount applied              :   HK$19,150 MN

Amount allotted             :   HK$600 MN

Average yield accepted      :   -0.01 PCT

Highest yield accepted      :   -0.01 PCT

Pro rata ratio              :   ABOUT 38 PCT

Average tender yield        :   0.00 PCT

* * * * * * * * * * *

Tender date                 :   24 February 2004

Paper on offer              :   EF Bills

Issue number                :   Q408

Issue date                  :   25 February 2004

Maturity date               :   27 May 2004

Amount applied              :   HK$21,340 MN

Amount allotted             :   HK$2,685 MN

Average yield accepted      :   0.01 PCT

Highest yield accepted      :   0.01 PCT

Pro rata ratio              :   ABOUT 17 PCT

Average tender yield        :   0.02 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 1 Mar 04 :-

Tender date                 :   2 March 2004

Paper on offer              :   EF Bills

Issue number                :   Q409

Issue date                  :   3 March 2004

Maturity date               :   2 June 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,462 MN

* * * * * * * * * * *

Tender date                 :   2 March 2004

Paper on offer              :   EF Bills

Issue number                :   H459

Issue date                  :   3 March 2004

Maturity date               :   1 September 2004

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, February 24, 2004
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