Exchange Fund Notes tender results

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

Exchange Fund Notes tender results
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Tender date : May 22, 2024
Paper on offer : EF Notes
Issue number : 02Y2605
Issue date : May 23, 2024
Maturity date : May 26, 2026
Coupon   3.77% p.a.
Competitive Tender Result    
Amount applied : HK$2,850 MN
Amount allotted : HK$1,200 MN
Average price accepted (yield) : 99.76 (3.93 PCT)
Lowest price accepted (yield) : 99.60 (4.02 PCT)
Pro rata ratio* : About 4 PCT
Average tender price (yield) : 99.59 (4.03 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.