Exchange Fund Bills Tender Results

Tender date                 :   11 May 2004

Paper on offer              :   EF Bills

Issue number                :   Q419

Issue date                  :   12 May 2004

Maturity date               :   11 August 2004

Amount applied              :   HK$15,050 MN

Amount allotted             :   HK$3,179 MN

Average yield accepted      :   0.26 PCT

Highest yield accepted      :   0.28 PCT

Pro rata ratio              :   ABOUT 37 PCT

Average tender yield        :   0.30 PCT

* * * * * * * * * *

Tender date                 :   11 May 2004

Paper on offer              :   EF Bills

Issue number                :   H464

Issue date                  :   12 May 2004

Maturity date               :   10 November 2004

Amount applied              :   HK$6,380 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   0.74 PCT

Highest yield accepted      :   0.75 PCT

Pro rata ratio              :   ABOUT 72 PCT

Average tender yield        :   0.78 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 17 May 04 :-

Tender date                 :   18 May 2004

Paper on offer              :   EF Bills

Issue number                :   Q487

Issue date                  :   19 May 2004

Maturity date               :   23 June 2004

Tenor                       :   35 Days

Amount on offer             :   HK$600 MN

* * * * * * * * * *

Tender date                 :   18 May 2004

Paper on offer              :   EF Bills

Issue number                :   Q420

Issue date                  :   19 May 2004

Maturity date               :   18 August 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,337 MN

End/Tuesday, May 11, 2004
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