Exchange Fund Bills Tender Results

On 14 May 2024, a tender was conducted by the Hong Kong Monetary Authority for EF Bills with the issue number Q2420. These bills are scheduled to be issued on 16 May 2024 and will mature on 14 August 2024. The total amount applied for this tender was HK$136,600 MN, out of which HK$60,967 MN was allotted. The average yield accepted for these bills was 4.24%, with the highest yield accepted being 4.28%. In addition, the pro rata ratio for this tender, which represents the average percentage of allotment in relation to each participant’s tendered amount at the highest yield accepted level, was approximately 77%. The average tender yield, reflecting the average yield of all the tenders received, was 4.34%. These figures provide insights into the results of the tender and the demand for the EF Bills in the market. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/05/20240514-6/