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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                   :   February 16, 2012

Paper on offer                :   EF Notes

Issue number                  :   02Y1402

Issue date                    :   February 17, 2012

Maturity date                 :   February 17, 2014

Coupon                        :   0.26%

Competitive Tender Result

Amount applied                :   HK$5,880 MN

Amount allotted               :   HK$1,200 MN

Average price accepted (yield):   99.99 (0.27 PCT)

Lowest price accepted (yield) :   99.97 (0.28 PCT)

Pro rata ratio                :   About 27%

Average tender price (yield)  :   99.94 (0.29 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/Thursday, February 16, 2012
Issued at HKT 14:19

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