Exchange Fund Notes Tender Results

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The following is issued on behalf of the Hong Kong Monetary Authority:

Exchange Fund Notes Tender Results
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Tender date : November 19, 2021
Paper on offer : EF Notes
Issue number : 02Y2311
Issue date : November 22, 2021
Maturity date : November 22, 2023
Coupon   0.31 per cent p.a.
Competitive Tender Result    
Amount applied : HK$6,960 million
Amount allotted : HK$1,200 million
Average price accepted (yield) : 99.76 (0.43 per cent)
Lowest price accepted (yield) : 99.73 (0.45 per cent)
Pro rata ratio* : About 87 per cent
Average tender price (yield) : 99.54 (0.54 per cent)
Non-competitive Tender Results (for applications submitted through Hong Kong Securities Clearing Company Limited)
Amount applied : NIL
Amount allotted : NIL
Allotment Price (yield) : NIL

 
* "Pro rata ratio" refers to the average percentage of allotment with respect to each tender participant’s tendered amount at the "lowest price accepted" level.

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