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                      :   May 17, 2011

Paper on offer                   :   EF Notes

Issue number                     :   02Y1305

Issue date                       :   May 18, 2011

Maturity date                    :   May 20, 2013

Coupon                           :   0.59%

Competitive Tender Result

Amount applied                   :   HK$9,730 MN

Amount allotted                  :   HK$1,200 MN

Average price accepted (yield)   :   100.20 (0.49 PCT)

Lowest price accepted (yield)    :   100.20 (0.49 PCT)

Pro rata ratio                   :   About 66%

Average tender price (yield)     :   100.10 (0.54 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, May 17, 2011
Issued at HKT 14:47

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