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

Exchange Fund Notes tender results
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Tender date	:	May 20, 2022
Paper on offer	:	EF Notes
Issue number	:	02Y2405
Issue date	:	May 23, 2022
Maturity date	:	May 23, 2024
Coupon	:	2.35 per cent p.a.
Competitive Tender Result
Amount applied	:	HK$8,950 MN
Amount allotted	:	HK$1,200 MN
Average price accepted (yield)	:	100.16 (2.28 PCT)
Lowest price accepted (yield)	:	100.13 (2.30 PCT)
Pro rata ratio*	:	About 31 PCT
Average tender price (yield)	:	99.97 (2.38 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" refers to the average percentage of allotment with respect to each tender participant's tendered amount at the "lowest price accepted" level.

Ends/Friday, May 20, 2022
Issued at HKT 15:25

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