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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                    :   August 15, 2014

Paper on offer                 :   EF Notes

Issue number                   :   02Y1608

Issue date                     :   August 18, 2014

Maturity date                  :   August 18, 2016

Coupon                         :   0.44%

Competitive Tender Result

Amount applied                 :   HK$11,490 MN

Amount allotted                :   HK$1,200 MN

Average price accepted (yield) :   100.19 (0.35 PCT)

Lowest price accepted (yield)  :   100.16 (0.36 PCT)

Pro rata ratio                 :   About 8%

Average tender price (yield)   :   100.12 (0.38 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, August 15, 2014
Issued at HKT 12:00

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