Exchange Fund Notes Tender Result

Tender date                      :   28 August 2007 

Paper on offer                   :   EF Notes

Issue number                     :   15Y2208

Issue date                       :   29 August 2007

Maturity date                    :   29 August 2022

Coupon rate                      :   4.65%

Competitive Tender Result

Amount applied                   :   HK$1,320 MN

Amount allotted                  :   HK$598.2 MN

Average price accepted (yield)   :   101.37 (4.57%)

Lowest price accepted (yield)    :   101.25 (4.59%)

Pro rata ratio                   :   94%

Average tender price (yield)     :   101.11 (4.60%)

Non-competitive Tender Results(for applications submitted through Hong Kong Securities Clearing Company Limited)

Amount applied                   :   HK$1.8 MN

Amount allotted                  :   HK$1.8 MN

Allotment Price (yield)          :   101.25 (4.59%)
 

End/Tuesday, 28 August, 2007
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