Tender of 2-Year Exchange Fund Notes to be held on May 23
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) announces that a tender of 2-year Exchange Fund Notes will be held on 23 May 2025 (Friday) for settlement on 26 May 2025 (Monday), as set out in the published tentative issuance schedule. This is to roll over an issue of 2-year Exchange Fund Notes maturing on the same day.
A total of HK$1,200 million 2-year Notes will be on offer, of which HK$5 million will be made available for offer to members of the public who wish to submit non-competitive tender bids through Hong Kong Securities Clearing Company Limited (HKSCC). If the Notes reserved for non-competitive tender are under-subscribed, the non-subscribed amount will be added to the portion of notes for competitive tender (initially set at HK$1,195 million). The Notes will mature on 26 May 2027 and will carry interest at the rate of 2.16 per cent per annum payable semi-annually in arrears.
Members of the public who wish to submit non-competitive tender applications for Notes that are open to HKSCC may do so through Stock Exchange Participants/Brokers, or for those who hold Investor Accounts of the Central Clearing and Settlement System (CCASS) at the HKSCC, directly through HKSCC, for submission to the HKMA for processing. Competitive tender applications for the Notes must be submitted through any of the Eligible Market Makers appointed by the HKMA, with the current published list available on the HKMA's website at www.hkma.gov.hk. Each tender must be for an amount of HK$50,000 or integral multiples thereof for both competitive and non-competitive tender.
The tender results will be published on the HKMA's website, the Refinitiv screen (HKMAOOE), and Bloomberg. Applicants who submitted non-competitive tender bids through HKSCC may also obtain the tender results from Stock Exchange Participants/Brokers, or for applicants who hold Investor Accounts at HKSCC's CCASS from the CCASS terminal for CCASS Broker/Custodian/Participants and CCASS Phone System.
HKMA Exchange Fund Note Programme Tender Information
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Tender information of 2-Year Exchange Fund Notes:
Issue Number |
: |
02Y2705 |
Stock code |
: |
4105 (EFN 2.16 2705) |
Tender date and time |
: |
Friday, May 23, 2025
9.30am to 10.30am |
Issue and Settlement Date |
: |
Monday, May 26, 2025 |
Amount on offer |
: |
HK$1,200 million
(up to HK$5 million for non-competitive tender) |
Commencement of/
Deadline for
submission of non-competitive tender bids by retail investors through HKSCC |
: |
Please refer to requirements as set down by HKSCC |
Maturity |
: |
Two years |
Maturity Date |
: |
Wednesday, May 26, 2027 |
Interest Rate |
: |
2.16 per cent p.a. |
Interest Payment Dates |
: |
November 26, 2025
May 26, 2026
November 26, 2026
May 26, 2027 |
Tender amount |
: |
Each tender must be for an amount of HK$50,000 or integral multiples thereof for both competitive and non-competitive tender. Members of the public who wish to apply for the Notes through non-competitive tenders that are open to HKSCC may do so through Stock Exchange Participants/ Brokers, or for those who hold Investors Accounts at HKSCC's CCASS, directly through HKSCC. Members of the public who wish to apply for the Notes through competitive tender may only do so through any of the Eligible Market Makers on the current published list. |
Other details |
: |
Please see Information Memorandum published or approach Eligible Market Makers, HKSCC, or brokers who are Exchange Participants of the Stock Exchange of Hong Kong. |
Expected commencement date of dealing on the Stock Exchange of Hong Kong |
: |
Tuesday, May 27, 2025 |
Price/Yield Table of the new EFN at tender for reference* only:
Yield-to- Maturity |
Price |
Yield-to-Maturity |
Price |
1.16 |
101.98 |
2.16 |
100.02 |
1.21 |
101.88 |
2.21 |
99.93 |
1.26 |
101.78 |
2.26 |
99.83 |
1.31 |
101.68 |
2.31 |
99.73 |
1.36 |
101.58 |
2.36 |
99.64 |
1.41 |
101.48 |
2.41 |
99.54 |
1.46 |
101.39 |
2.46 |
99.45 |
1.51 |
101.29 |
2.51 |
99.35 |
1.56 |
101.19 |
2.56 |
99.26 |
1.61 |
101.09 |
2.61 |
99.16 |
1.66 |
100.99 |
2.66 |
99.07 |
1.71 |
100.90 |
2.71 |
98.97 |
1.76 |
100.80 |
2.76 |
98.88 |
1.81 |
100.70 |
2.81 |
98.78 |
1.86 |
100.60 |
2.86 |
98.69 |
1.91 |
100.51 |
2.91 |
98.59 |
1.96 |
100.41 |
2.96 |
98.50 |
2.01 |
100.31 |
3.01 |
98.40 |
2.06 |
100.22 |
3.06 |
98.31 |
2.11 |
100.12 |
3.11 |
98.22 |
2.16 |
100.02 |
3.16 |
98.12 |
* Disclaimer
The information provided here is for reference only. Although extreme care has been taken to ensure that the information provided is accurate and up-to-date, the HKMA does not warrant that all, or any part of, the information provided is accurate in all respects. You are encouraged to conduct your own enquiries to verify any particular piece of information provided on it. The HKMA shall not be liable for any loss or damage suffered as a result of any use or reliance on any of the information provided here.
HAD opens temporary cold shelters
In view of the cold weather, the Home Affairs Department has opened 18 temporary cold shelters in various districts today (January 10) for people in need of the service. The temporary shelters will remain open when the Cold Weather Warning is in force.
Clean mattresses and blankets/quilts, hot meals and hot water will be provided to shelter users free of charge during the opening of the temporary shelters.
To ensure that cold shelter users can rest in a quiet and undisturbed environment, members of the public or agencies wishing to make donations to shelter users are requested to register with the staff of the shelter first. Donors will then be directed to place the donated items at a specified indoor location. The staff will help notify the shelter users to collect the items on their own.
Anyone seeking temporary refuge, or those with any questions about the donation arrangements at the cold shelters, may call the department's hotline 25728427 for more information.
The 18 temporary cold shelters are located at:
Hong Kong Island:
--------------------
Central and Western:
Sai Ying Pun Community Complex Community Hall
3/F, Sai Ying Pun Community Complex,
2 High Street, Sai Ying Pun
Eastern:
Causeway Bay Community Centre
3/F, 7 Fook Yum Road, Causeway Bay
Southern:
Lei Tung Community Hall
Lei Tung Estate, Ap Lei Chau
Wan Chai:
Wan Chai Activities Centre
LG/F, Wan Chai Market, 258 Queen's Road East, Wan Chai
Kowloon:
------------------
Kowloon City:
Hung Hom Community Hall
1/F, Kowloon City Government Offices,
42 Bailey Street, Hung Hom
Kwun Tong:
Lam Tin (West) Estate Community Centre
71 Kai Tin Road, Lam Tin
Sham Shui Po:
Nam Cheong District Community Centre
1 Cheong San Lane, Sham Shui Po
Wong Tai Sin:
Tsz Wan Shan (South) Estate Community Centre
45 Wan Wah Street, Tsz Wan Shan
Yau Tsim Mong:
Henry G Leong Yaumatei Community Centre
60 Public Square Street, Yau Ma Tei
New Territories:
----------------
Islands:
Tung Chung Community Hall
G/F, Tung Chung Municipal Services Building, 39 Man Tung Road, Tung Chung
Kwai Tsing:
Tai Wo Hau Estate Community Centre
15 Tai Wo Hau Road, Kwai Chung
North:
Cheung Wah Community Hall
Cheung Wah Estate, Fanling
Sai Kung:
Hang Hau Community Hall
G/F, Sai Kung Tseung Kwan O Government Complex,
38 Pui Shing Road, Hang Hau, Tseung Kwan O
Sha Tin:
Lung Hang Estate Community Centre
Lung Hang Estate, Sha Tin
Tai Po:
Tai Po Community Centre
2 Heung Sze Wui Street, Tai Po
Tsuen Wan:
Lei Muk Shue Community Hall
G/F, Hong Shue House, Lei Muk Shue Estate, Tsuen Wan
Tuen Mun:
Butterfly Bay Community Centre
Butterfly Estate (near Tip Sum House), Tuen Mun
Yuen Long:
Long Ping Community Hall
Long Ping Estate, Yuen Long
Source: AI-found images
