The Hong Kong Monetary Authority (HKMA) has announced a forthcoming tender for 2-year Exchange Fund Notes, scheduled for November 21, 2025, with a settlement date set for November 24, 2025. This issuance aims to roll over a maturing issue of similar notes, according to the HKMA.
If the non-competitive portion is under-subscribed, the remaining amount will be added to the competitive tender portion, which is initially set at HK$1,195 million. The notes will mature on November 24, 2027, and carry an interest rate of 2.40% per annum, payable semi-annually.
Competitive tender applications must be submitted through any of the HKMA-appointed Eligible Market Makers. Each tender must be in amounts of HK$50,000 or multiples thereof for both competitive and non-competitive bids.
**Publication of Results**
The results of the tender will be available on the HKMA’s website, the Refinitiv screen (HKMAOOE), and Bloomberg.
For more information, including a list of Eligible Market Makers, potential investors are encouraged to visit the official HKMA website.
https://bitcoinethereumnews.com/tech/hong-kong-monetary-authority-schedules-tender-for-2-year-exchange-fund-notes/