Exchange Fund Bills Tender Results

On May 7, 2024, a tender was conducted for EF Bills with issue number Q2419. These bills were issued on May 8, 2024, and would mature on August 7, 2024. The total amount applied for was HK$152,110 MN, of which HK$59,077 MN was allotted. The average yield accepted for the tender was 4.20 percent, with the highest yield accepted at 4.24 percent. The pro rata ratio was approximately 34 percent, and the average tender yield stood at 4.30 percent. Another tender held on the same day involved EF Bills with issue number H2448. The bills were issued on May 8, 2024, and would mature on November 6, 2024. The total amount applied for was HK$61,368.0 MN, while the allotted amount was HK$17,000 MN. The average yield accepted for this tender was 4.21 percent, with the highest yield accepted at 4.25 percent. The pro rata ratio was about 58 percent, and the average tender yield was 4.38 percent. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/05/20240507-5/