Exchange Fund Notes tender results

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

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

Tender date : February 20, 2024
Paper on offer : EF Notes
Issue number : 02Y2602
Issue date : February 21, 2024
Maturity date : February 23, 2026
Coupon : 3.36% p.a.
Competitive Tender Result    
Amount applied : HK$2,970 MN
Amount allotted : HK$1,200 MN
Average price accepted (yield) : 99.48 (3.67 PCT)
Lowest price accepted (yield) : 99.40 (3.71 PCT)
Pro rata ratio* : About 24 PCT
Average tender price (yield) : 99.40 (3.71 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.