Hong Kong Monetary Authority Exchange Fund Notes Tender Results
***************************************************************

The following is issued on behalf of the Hong Kong Monetary Authority:

Hong Kong Monetary Authority Exchange Fund Notes Tender Results
******************************************************
Tender date : November 17, 2017
Paper on offer : EF Notes
Issue number : 02Y1911
Issue date : November 20, 2017
Maturity date : November 20, 2019
Coupon   1.04%
Competitive Tender Result    
Amount applied : HK$13,450 MN
Amount allotted : HK$1,199.9 MN
Average price accepted (yield) : 99.97 (1.06 PCT)
Lowest price accepted (yield) : 99.96 (1.06 PCT)
Pro rata ratio : About 37 PCT
Average tender price (yield) : 99.87 (1.11 PCT)
Non-competitive Tender Results (for applications submitted through Hong Kong Securities Clearing Company Limited)
Amount applied : 0.1 MN
Amount allotted : 0.1 MN
Allotment Price (yield) : 99.96 (1.06 PCT)

Ends/Friday, November 17, 2017
Issued at HKT 16:05

NNNN