Exchange Fund Bills Tender Results

Tender date                 :   19 July 2005

Paper on offer              :   EF Bills

Issue number                :   Q529

Issue date                  :   20 July 2005

Maturity date               :   19 October 2005

Amount applied              :   HK$16,804 MN

Amount allotted             :   HK$2,259 MN

Average yield accepted      :   2.80 PCT

Highest yield accepted      :   2.81 PCT

Pro rata ratio              :   About 64 PCT

Average tender yield        :   2.83 PCT

* * * * * * * * * *

Tender date                 :   19 July 2005

Paper on offer              :   EF Bills

Issue number                :   H569

Issue date                  :   20 July 2005

Maturity date               :   18 January 2006

Amount applied              :   HK$8,610 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   2.95 PCT

Highest yield accepted      :   2.95 PCT

Pro rata ratio              :   About 21 PCT

Average tender yield        :   2.96 PCT

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Hong Kong Monetary Authority
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Tenders to be held in the week beginning - 25 Jul 05:-

Tender date                 :   26 July 2005

Paper on offer              :   EF Bills

Issue number                :   Q530

Issue date                  :   27 July 2005

Maturity date               :   26 October 2005

Tenor                       :   91 Days

Amount on offer             :   HK$3,796 MN

* * * * * * * * *

Tender date                 :   26 July 2005

Paper on offer              :   EF Bills

Issue number                :   Y592

Issue date                  :   27 July 2005

Maturity date               :   26 July 2006

Tenor                       :   364 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, July 19, 2005
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