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Hong Kong Set to Issue 2-Year Exchange Fund Notes in May 2025

By: cryptosheadlines|2025/05/14 18:00:14
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Felix Pinkston May 14, 2025 01:31 The Hong Kong Monetary Authority will conduct a tender for 2-year Exchange Fund Notes on May 23, 2025, aiming to rollover maturing notes worth HK$1,200 million with a 2.16% interest rate. The Hong Kong Monetary Authority (HKMA) has announced a forthcoming tender for 2-year Exchange Fund Notes, scheduled for May 23, 2025. This initiative aims to roll over an existing issue of notes set to mature on the same date. The settlement for these notes will occur on May 26, 2025, according to the HKMA’s published tentative issuance schedule.Tender DetailsThe HKMA will offer a total of HK$1,200 million in notes, with HK$5 million reserved for non-competitive tender bids by the public through the Hong Kong Securities Clearing Company Limited (HKSCC). Should the non-competitive portion be under-subscribed, the remaining amount will be added to the competitive tender portion, initially set at HK$1,195 million. The notes will mature on May 26, 2027, carrying an annual interest rate of 2.16%, payable semi-annually.Participation ProcessPublic participants interested in non-competitive tenders can submit applications via Stock Exchange Participants/Brokers or directly through the HKSCC if they possess Investor Accounts within the Central Clearing and Settlement System (CCASS). Competitive tender applications must be submitted through the HKMA’s appointed Eligible Market Makers, with each application requiring a minimum of HK$50,000 or multiples thereof.The HKMA will publish the tender results on its official website, as well as on the Refinitiv screen (HKMAOOE) and Bloomberg. Applicants who submitted non-competitive bids through HKSCC can also obtain results via Stock Exchange Participants/Brokers or directly from their CCASS terminals.Further InformationThe tender, designated as Issue Number 02Y2705 and stock code 4105 (EFN 2.16 2705), will take place between 9:30 a.m. and 10:30 a.m. on the specified date. The HKMA encourages interested parties to consult the Information Memorandum or contact Eligible Market Makers, HKSCC, or brokers listed as Exchange Participants on the Stock Exchange of Hong Kong for additional details.For more comprehensive information, the HKMA’s full announcement can be accessed here.Image source: Shutterstock Source link

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