Exchange Fund Bills Tender Results

Tender date                 :   29 June 2004

Paper on offer              :   EF Bills

Issue number                :   Q426

Issue date                  :   30 June 2004

Maturity date               :   30 September 2004

Amount applied              :   HK$12,720 MN

Amount allotted             :   HK$2,220 MN

Average yield accepted      :   0.22 PCT

Highest yield accepted      :   0.24 PCT

Pro rata ratio              :   ABOUT 40 PCT

Average tender yield        :   0.26 PCT

* * * * * * * * * * *

Tender date                 :   29 June 2004

Paper on offer              :   EF Bills

Issue number                :   Y491

Issue date                  :   30 June 2004

Maturity date               :   29 June 2005

Amount applied              :   HK$5,720 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.36 PCT

Highest yield accepted      :   1.37 PCT

Pro rata ratio              :   ABOUT 25 PCT

Average tender yield        :   1.39 PCT

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Hong Kong Monetary Authority
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Tender to be held in the week beginning - 5 July 04 :-

Tender date                 :   6 July 2004

Paper on offer              :   EF Bills

Issue number                :   Q427

Issue date                  :   7 July 2004

Maturity date               :   6 October 2004

Tenor                       :   91 Days

Amount on offer             :   HK$2,118 MN

* * * * * * * * * * *

Tender date                 :   6 July 2004

Paper on offer              :   EF Bills

Issue number                :   H468

Issue date                  :   7 July 2004

Maturity date               :   5 January 2005

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, June 29, 2004
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