Hong Kong Monetary Authority in February 2025 for bidding for two -year exchange fund notes

Hong Kong Monetary Authority (HKMA) announced on February 21, 2025 that bidding for two years of exchange funds will be held. The payment date begins on February 24, 2025, which is set as part of the rollover plan of mature notes. According to HKMA, the same day.

Details of the bidding

A total of $ 12 million is available for a total of $ 12 million. Among them, the Hong Kong Securities Clearing Company Limited (HKS) booked $ 5 million for non -competitive bidding. All subscriptions in this section are initially added to the competitive bidding section set for $ 1,195 million. On February 24, 2027, mature memos will have an annual interest rate of 3.34%that can be paid every half a year.

Application process

Retail investors who are interested in non -competitive bidding can submit an application form through the Securities Exchange Participant or HKSCC if they have an investor account in the Central Clearing and Settlement System (CCAS). Competitive bidding applications must be submitted through the eligible market manufacturer listed on the HKMA website. Each bid should be HK $ 50,000 or its drainage.

Result

The results of the bidding are provided on the HKMA website, the refinitive screen (HKMAOOE) and the Bloomberg. Non -competitive bidders can access the results directly through the securities exchange participants/brokers or through the CCASS terminal.

The importance of bidding

This bid is part of the issue of HKMA’s Exchange Fund Notes, which is pivotal to managing financial stability and providing benchmarks that are risk of local bond markets. Issuance is consistent with HKMA’s continuous strategy to ensure liquidity and stability in Hong Kong’s financial markets.

For more information, it is recommended that investors and stakeholders contact the qualified market manufacturer or refer to the information notes released by HKMA.

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