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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