Exchange Fund Bills Tender Results — HK$131.1B Applied, 2.32% Yield
Summary
The HKMA announced results of an Exchange Fund Bills tender held on 21 April 2026. Two EF Bills issues were auctioned — Q2616 (HK$131.1B applied, HK$65.6B allotted, 2.32% average yield) and H2645 (HK$41.7B applied, HK$12.0B allotted, 2.37% average yield). The HKMA also published the upcoming week's tender schedule for 28 April 2026.
What changed
The HKMA published results of two Exchange Fund Bills tenders conducted on 21 April 2026. Issue Q2616 (maturity 22 July 2026) received HK$131,100MN in applications with HK$65,612MN allotted at an average accepted yield of 2.32%. Issue H2645 (maturity 21 October 2026) received HK$41,667MN in applications with HK$12,000MN allotted at an average accepted yield of 2.37%.
Affected parties include primary dealers and investors participating in Hong Kong government securities auctions. The tender results provide market reference rates for money market participants and reflect current liquidity conditions in Hong Kong's interbank market.
Archived snapshot
Apr 22, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Exchange Fund Bills Tender Results
Press Releases
21 Apr 2026
Exchange Fund Bills Tender Results
| Tender date | : | 21 April 2026 |
|---|---|---|
| Paper on offer | : | EF Bills |
| Issue number | : | Q2616 |
| Issue date | : | 22 April 2026 |
| Maturity date | : | 22 July 2026 |
| Amount applied | : | HK$131,100 MN |
| Amount allotted | : | HK$65,612 MN |
| Average yield accepted | : | 2.32 PCT |
| Highest yield accepted | : | 2.37 PCT |
| Pro rata ratio* | : | About 54 PCT |
| Average tender yield | : | 2.42 PCT |
| **************************** | ||
| Tender date | : | 21 April 2026 |
| Paper on offer | : | EF Bills |
| Issue number | : | H2645 |
| Issue date | : | 22 April 2026 |
| Maturity date | : | 21 October 2026 |
| Amount applied | : | HK$41,667 MN |
| Amount allotted | : | HK$12,000 MN |
| Average yield accepted | : | 2.37 PCT |
| Highest yield accepted | : | 2.41 PCT |
| Pro rata ratio* | : | About 85 PCT |
| Average tender yield | : | 2.51 PCT |
*“Pro rata ratio” refers to the average percentage of allotment with respect to each tender participant’s tendered amount at the “highest yield accepted” level.
Hong Kong Monetary Authority
Tenders to be held in the week beginning – 27 April 2026:
| Tender date | : | 28 April 2026 |
|---|---|---|
| Paper on offer | : | EF Bills |
| Issue number | : | Q2617 |
| Issue date | : | 29 April 2026 |
| Maturity date | : | 29 July 2026 |
| Tenor | : | 91 Days |
| Amount on offer | : | HK$64,347 MN |
| **************************** | ||
| Tender date | : | 28 April 2026 |
| Paper on offer | : | EF Bills |
| Issue number | : | H2646 |
| Issue date | : | 29 April 2026 |
| Maturity date | : | 28 October 2026 |
| Tenor | : | 182 Days |
| Amount on offer | : | HK$15,000 MN |
End/Tuesday, 21 April, 2026
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View All View All Last revision date : 21 April 2026 Share
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