Hong Kong Monetary Authority Exchange Fund Notes Tender Result
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Tender date                      :   6 June 2006

Paper on offer                   :   EF Notes

Issue number                     :   1606

Issue date                       :   7 June 2006

Maturity date                    :   7 June 2016

Coupon                           :   4.83%

Amount applied                   :   HK$2,222 MN

Amount allotted                  :   HK$800 MN

Average price accepted (yield)   :   100.41 (4.84 PCT)

Lowest price accepted (yield)    :   100.37 (4.84 PCT)

Pro rata ratio                   :   About 35 PCT

Average tender price (yield)     :   100.32 (4.85 PCT)

Ends/Tuesday, June 6, 2006
Issued at HKT 14:41

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