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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                      :   May 16, 2014

Paper on offer                   :   EF Notes

Issue number                     :   02Y1605

Issue date                       :   May 19, 2014

Maturity date                    :   May 19, 2016

Coupon                           :   0.42%

Competitive tender result

Amount applied                   :   HK$6,790 MN

Amount allotted                  :   HK$1,200 MN

Average price accepted (yield)   :   100.10 (0.37 PCT)

Lowest price accepted (yield)    :   100.08 (0.38 PCT)

Pro rata ratio                   :   About 9%

Average tender price (yield)     :   100.06 (0.39 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/Friday, May 16, 2014
Issued at HKT 12:17

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