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 : August 21, 2024
Paper on offer : EF Notes
Issue number : 02Y2608
Issue date : August 22, 2024
Maturity date : August 24, 2026
Coupon : 2.77% p.a.
Competitive Tender Result    
Amount applied : HK$5,010 MN
Amount allotted : HK$1,200 MN
Average price accepted (yield) : 99.91 (2.84 PCT)
Lowest price accepted (yield) : 99.80 (2.89 PCT)
Pro rata ratio* : About 16 PCT
Average tender price (yield) : 99.70 (2.95 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.