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Hong Kong Monetary Authority Exchange Fund Bills Tender Results
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The following is issued on behalf of the Hong Kong Monetary Authority:

Tender date                 :   January 17, 2012

Paper on offer              :   EF Bills

Issue number                :   Q1203

Issue date                  :   January 18, 2012

Maturity date               :   April 18, 2012

Amount applied              :   HK$70,910 MN

Amount allotted             :   HK$25,253 MN

Average yield accepted      :   0.26 PCT

Highest yield accepted      :   0.28 PCT

Pro rata ratio              :   About 8 PCT

Average tender yield        :   0.29 PCT

* * * * * * * *

Tender date                 :   January 17, 2012

Paper on offer              :   EF Bills

Issue number                :   H1256

Issue date                  :   January 18, 2012

Maturity date               :   July 18, 2012

Amount applied              :   HK$25,624 MN

Amount allotted             :   HK$9,000 MN

Average yield accepted      :   0.28 PCT

Highest yield accepted      :   0.30 PCT

Pro rata ratio              :   About 18 PCT

Average tender yield        :   0.30 PCT

Ends/Tuesday, January 17, 2012
Issued at HKT 14:19

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