Exchange Fund Bills Tender Results

On May 28, 2024, the Hong Kong Monetary Authority (HKMA) held tenders for two issues of EF Bills. The first issue, Q2422, had an issue date of May 29, 2024, a maturity date of August 28, 2024, and an amount applied of HK$132,570 MN, with HK$62,488 MN allotted at an average yield of 4.45% and a highest yield of 4.50%. The pro rata ratio was about 97%. The average tender yield was 4.55%. The second issue, H2451, had an issue date of May 29, 2024, a maturity date of November 27, 2024, and an amount applied of HK$49,135 MN, with HK$15,000 MN allotted at an average yield of 4.35% and a highest yield of 4.38%. The pro rata ratio was about 57%. The average tender yield was 4.47%. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/05/20240528-4/