Exchange Fund Notes tender results
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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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