Exchange Fund Notes tender results

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

Exchange Fund Notes tender results
*****************************

Tender date : August 22, 2023
Paper on offer : EF Notes
Issue number : 02Y2508
Issue date : August 23, 2023
Maturity date : August 25, 2025
Coupon   3.98% p.a.
Competitive Tender Result    
Amount applied : HK$6,155 MN
Amount allotted : HK$1,200 MN
Average price accepted (yield) : 99.88 (4.08 PCT)
Lowest price accepted (yield) : 99.83 (4.11 PCT)
Pro rata ratio* : About 88 PCT
Average tender price (yield) : 99.65 (4.21 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* : 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.