Hong Kong Monetary Authority Exchange Fund Notes Tender Result
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Tender date                    : August 21, 2006

Paper on offer                 : EF Notes

Issue number                   : 7308

Issue date                     : August 22, 2006

Maturity date                  : August 22, 2013

Coupon                         : 4.40%

Amount applied                 : HK$3,102 MN

Amount allotted                : HK$600 MN

Average price accepted (yield) : 101.07 (4.27 PCT)

Lowest price accepted (yield)  : 101.02 (4.28 PCT)

Pro rata ratio                 : About 61 PCT

Average tender price (yield)   : 100.93 (4.29 PCT)

Ends/Monday, August 21, 2006
Issued at HKT 14:29

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