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 : May 20, 2022
Paper on offer : EF Notes
Issue number : 02Y2405
Issue date : May 23, 2022
Maturity date : May 23, 2024
Coupon : 2.35 per cent p.a.
Competitive Tender Result  
Amount applied : HK$8,950 MN
Amount allotted : HK$1,200 MN
Average price accepted (yield) : 100.16 (2.28 PCT)
Lowest price accepted (yield) : 100.13 (2.30 PCT)
Pro rata ratio* : About 31 PCT
Average tender price (yield) : 99.97 (2.38 PCT)
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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