HKMA’s Release of Quarterly Issuance Schedule for Q4 2024 📆
The Hong Kong Monetary Authority (HKMA) recently unveiled the tentative schedule for Exchange Fund Bills and Notes (EFBNs) set to be issued in the fourth quarter of 2024, covering the period from October to December. This announcement, made on August 15, 2024, provides valuable insights into the upcoming tender dates, issue sizes, and issue dates for individual offerings, as per HKMA’s official statement.
Insights into Quarterly Issuance 📋
The quarterly issuance schedule, typically disclosed in the second month of each quarter (February, May, August, and November), presents details of EFBN tenders for the subsequent quarter. The latest release for Q4 2024 includes information on rolling over maturing issues and planned adjustments to the maturity spectrum of the EFBN portfolio.
Tentative Nature of the Schedule 📅
It’s crucial to understand that the dates, sizes, and issue dates provided in the advance issuance schedule are tentative in nature. HKMA will officially confirm and announce the specifics of new EFBN issues at least four business days before their respective tender dates. For Exchange Fund Notes, details will be finalized and disclosed seven business days ahead of their tender dates. Any adjustments to the schedule may be made based on prevailing market conditions.
Impact on the Market 📈
The issuance of EFBNs serves a vital role in maintaining Hong Kong’s financial stability by offering a reliable avenue for liquidity management and investment opportunities. The provisional schedule enables market participants to adequately prepare for upcoming tenders, facilitating efficient and seamless market operations.
Hong Kong Monetary Authority
15 August 2024
Hot Take on HKMA’s Quarterly Issuance Schedule 🔥
Keep an eye on HKMA’s upcoming EFBN issuances in Q4 2024 as they play a pivotal role in shaping Hong Kong’s financial landscape and offer valuable investment prospects. Stay informed and be prepared to capitalize on the opportunities presented by these scheduled tenders for Exchange Fund Bills and Notes.
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