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Tender of 2-Year Exchange Fund Notes Announced by Hong Kong Monetary Authority️

Tender of 2-Year Exchange Fund Notes Announced by Hong Kong Monetary Authority️

Upcoming Hong Kong Monetary Authority Exchange Fund Notes Tender

The Hong Kong Monetary Authority (HKMA) will conduct a tender for 2-year Exchange Fund Notes on 21 August 2024, with the settlement planned for 22 August 2024.

Details of the Tender

Here are the key details of the tender:

  • A total of HK$1,200 million in 2-year Notes will be available, with HK$5 million reserved for non-competitive bids.
  • The Notes will mature on 24 August 2026 and carry a 2.77% interest rate.

Participation Guidelines

Interested individuals can submit non-competitive tender applications through HKSCC via Stock Exchange Participants/Brokers or directly through HKSCC for Investor Accounts in CCASS.

Competitive tenders must be submitted through Eligible Market Makers appointed by the HKMA.

Publication of Results

Results will be shared on the HKMA website, Refinitiv screen, and Bloomberg. Non-competitive tender bid results can be obtained from Stock Exchange Participants/Brokers or directly from the CCASS terminal.

Tender Information Summary

Here is a quick summary of the tender information:

  • Issue Number: 02Y2608
  • Stock Code: 4100 (EFN 2.77 2608)
  • Tender Date: Wednesday, 21 August 2024
  • Settlement Date: Thursday, 22 August 2024

Price/Yield Table

Below is the Price/Yield table for reference:

Yield-to-Maturity Price
1.77 101.97

For a full breakdown, visit the official HKMA website for more information.

Hot Take: Stay Informed and Participate!

Keep an eye out for the upcoming HKMA Exchange Fund Notes tender and consider participating to diversify your investment portfolio. Make sure to follow the guidelines and stay updated on the results for a successful tender application!

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Tender of 2-Year Exchange Fund Notes Announced by Hong Kong Monetary Authority️