Exchange Fund Bills Tender Results

In the Exchange Fund Bills Tender Results announced on 9 April 2024, three issues of EF Bills were offered. The first issue, Q2415, had a maturity date of 10 July 2024. The total amount applied was HK$164,650 million, of which HK$63,968 million was allotted. The average yield accepted was 4.31%, with the highest yield accepted at 4.36%. The pro rata ratio, which represents the average percentage of allotment for each participant at the highest yield accepted level, was about 42%. The average tender yield for this issue was 4.42%. The second issue, H2444, had a maturity date of 9 October 2024. The total amount applied was HK$53,878 million, with an allotment of HK$19,000 million. The average yield accepted was 4.30%, and the highest yield accepted was 4.34%. The pro rata ratio was about 90%, indicating a higher proportion of allotment compared to the first issue. The average tender yield for H2444 was 4.48%. The third issue, Y2488, had a maturity date of 9 April 2025. The amount applied was HK$16,700 million, and HK$4,000 million was allotted. The average yield accepted was 4.15%, with the highest yield accepted at 4.20%. The pro rata ratio for this issue was approximately 50%. The average tender yield was 4.35%. Looking ahead, tender dates for the week beginning 15 April 2024 were also announced. Two issues of EF Bills, Q2416 and H2445, are scheduled for tender on 16 April 2024, with maturity dates of 17 July 2024 and 16 October 2024, respectively. The amounts on offer are HK$63,188 million and HK$19,000 million for the respective issues. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/04/20240409-4/