Exchange Fund Bills Tender Results

Tender date                 :   13 September 2005

Paper on offer              :   EF Bills

Issue number                :   Q537

Issue date                  :   14 September 2005

Maturity date               :   14 December 2005

Amount applied              :   HK$9,543 MN

Amount allotted             :   HK$2,906 MN

Average yield accepted      :   3.20 PCT

Highest yield accepted      :   3.22 PCT

Pro rata ratio              :   About 6 PCT

Average tender yield        :   3.22 PCT

* * * * * * * * * * * *

Tender date                 :   13 September 2005

Paper on offer              :   EF Bills

Issue number                :   H573

Issue date                  :   14 September 2005

Maturity date               :   15 March 2006

Amount applied              :   HK$5,620 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   3.34 PCT

Highest yield accepted      :   3.34 PCT

Pro rata ratio              :   About 51 PCT

Average tender yield        :   3.36 PCT

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Hong Kong Monetary Authority
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Tenders to be held in the week beginning - 20 Sept 05:-

Tender date                 :   20 September 2005

Paper on offer              :   EF Bills

Issue number                :   Q538

Issue date                  :   21 September 2005

Maturity date               :   21 December 2005

Tenor                       :   91 Days

Amount on offer             :   HK$3,276 MN

* * * * * * * * * * *

Tender date                 :   20 September 2005

Paper on offer              :   EF Bills

Issue number                :   Y594

Issue date                  :   21 September 2005

Maturity date               :   20 September 2006

Tenor                       :   364 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, September 13, 2005
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