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Hong Kong Monetary Authority Exchange Fund Notes Tender Result
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The following is issued on behalf of the Hong Kong Monetary Authority:

Tender date                      :   26 August 2008

Paper on offer                   :   EF Notes

Issue number                     :   15Y2308

Issue date                       :   27 August 2008

Maturity date                    :   28 August 2023

Coupon                           :   3.27%

Competitive Tender Result

Amount applied                   :   HK$2,377 MN

Amount allotted                  :   HK$600 MN

Average price accepted (yield)   :   102.32 (3.10 PCT)

Lowest price accepted (yield)    :   102.02 (3.12 PCT)

Pro rata ratio                   :   About 95%

Average tender price (yield)     :   101.98 (3.13 PCT)

Non-competitive Tender Results (for applications submitted through Hong Kong Securities Clearing Company Limited)

Amount applied                   :   0

Amount allotted                  :   0

Allotment Price (yield)          :   Nil

Ends/Tuesday, August 26, 2008
Issued at HKT 14:25

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