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

By: cryptosheadlines|2025/05/14 10:00:14
0
Share
copy
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

You may also like

Looking at Stripe's ambitions and the future of stablecoins from OUSD

Stripe enters the stablecoin network battle with OUSD, a comprehensive look at the third paradigm evolution of digital dollars and the new infrastructure for global payments in the AI era.

Do you want to buy CRCL?

A detailed breakdown of Circle's business fundamentals and valuation logic: The panic over OUSD and the market correction have triggered a short-term mispricing, presenting an opportunity for left-side positioning and legislative speculation below $60.

Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity

Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...

The most secretive AI winner

A century-old company that sells toilets and produces MSG has seen its stock price soar by "positioning" core materials for AI chips. This article clarifies the explosive opportunities for domestic substitution of semiconductor materials in the A-share market.

Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?

A programmer from a big tech company bought hard drives on Pinduoduo and, following clues, managed to accurately capture the sixfold rising stock Seagate using the "finding daily anomalies + 13F institutional verification" framework, making a wild profit of $400,000 and achieving financial freedom.

MiCA reshuffle begins, Binance temporarily bids farewell to the EU

What Binance leaves behind is not scattered retail investors, but a whole batch of high-value users who are forced to liquidate and have almost nowhere to go.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com