Exchange Fund Notes tender results
**********************************
The following is issued on behalf of the Hong Kong Monetary Authority:
Exchange Fund Notes tender results
**********************************
| Tender date | : | August 20, 2021 |
| Paper on offer | : | EF Notes |
| Issue number | : | 02Y2308 |
| Issue date | : | August 23, 2021 |
| Maturity date | : | August 23, 2023 |
| Coupon | 0.15 per cent p.a. | |
| Competitive tender result | ||
| Amount applied | : | HK$14,750 million |
| Amount allotted | : | HK$1,200 million |
| Average price accepted (yield) | : | 100.04 (0.13 per cent) |
| Lowest price accepted (yield) | : | 100.00 (0.15 per cent) |
| Pro rata ratio* | : | About 21 per cent |
| Average tender price (yield) | : | 99.96 (0.17 per cent) |
| 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.