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

Exchange Fund Notes tender results
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Tender date	:	November 21, 2023
Paper on offer	:	EF Notes
Issue number	:	02Y2511
Issue date	:	November 22, 2023
Maturity date	:	November 24, 2025
Coupon	:	4.08% p.a.
Competitive Tender Result
Amount applied	:	HK$2,700 MN
Amount allotted	:	HK$1,200 MN
Average price accepted (yield)	:	99.76 (4.25 PCT)
Lowest price accepted (yield)	:	99.70 (4.28 PCT)
Pro rata ratio*	:	About 27 PCT
Average tender price (yield)	:	99.63 (4.32 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. 

Ends/Tuesday, November 21, 2023
Issued at HKT 15:30

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