Exchange Fund Bills Tender Results
Summary
The Hong Kong Monetary Authority published results of two Exchange Fund Bills tenders conducted on 14 April 2026. For Issue Q2615 (maturing 15 July 2026), HK$69,637 million was allotted against applications of HK$159,654 million, with average yield accepted at 2.19% and highest at 2.24%. For Issue H2644 (maturing 14 October 2026), HK$19,000 million was allotted from HK$41,090 million applied, at average yield of 2.29% and highest of 2.39%.
What changed
The HKMA published the results of two Exchange Fund Bills tenders dated 14 April 2026. Issue Q2615 (HK$69.6 billion allotted, 91-day tenor) had average yield accepted of 2.19% with pro rata ratio of about 68%. Issue H2644 (HK$19 billion allotted, 182-day tenor) had average yield accepted of 2.29% with pro rata ratio of about 34%.\n\nTender participants and investors in Hong Kong government paper should note these auction outcomes for market intelligence. The HKMA also announced upcoming tenders scheduled for 21 April 2026 for Issues Q2616 (HK$65.6 billion, 91-day) and H2645 (HK$12 billion, 182-day).
What to do next
- Monitor for updates
Archived snapshot
Apr 15, 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
14 Apr 2026
Exchange Fund Bills Tender Results
| Tender date | : | 14 April 2026 |
|---|---|---|
| Paper on offer | : | EF Bills |
| Issue number | : | Q2615 |
| Issue date | : | 15 April 2026 |
| Maturity date | : | 15 July 2026 |
| Amount applied | : | HK$159,654 MN |
| Amount allotted | : | HK$69,637 MN |
| Average yield accepted | : | 2.19 PCT |
| Highest yield accepted | : | 2.24 PCT |
| Pro rata ratio* | : | About 68 PCT |
| Average tender yield | : | 2.33 PCT |
| **************************** | ||
| Tender date | : | 14 April 2026 |
| Paper on offer | : | EF Bills |
| Issue number | : | H2644 |
| Issue date | : | 15 April 2026 |
| Maturity date | : | 14 October 2026 |
| Amount applied | : | HK$41,090 MN |
| Amount allotted | : | HK$19,000 MN |
| Average yield accepted | : | 2.29 PCT |
| Highest yield accepted | : | 2.39 PCT |
| Pro rata ratio* | : | About 34 PCT |
| Average tender yield | : | 2.46 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 – 20 April 2026:
| Tender date | : | 21 April 2026 |
|---|---|---|
| Paper on offer | : | EF Bills |
| Issue number | : | Q2616 |
| Issue date | : | 22 April 2026 |
| Maturity date | : | 22 July 2026 |
| Tenor | : | 91 Days |
| Amount on offer | : | HK$65,612 MN |
| **************************** | ||
| Tender date | : | 21 April 2026 |
| Paper on offer | : | EF Bills |
| Issue number | : | H2645 |
| Issue date | : | 22 April 2026 |
| Maturity date | : | 21 October 2026 |
| Tenor | : | 182 Days |
| Amount on offer | : | HK$12,000 MN |
End/Tuesday, 14 April, 2026
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View All View All Last revision date : 14 April 2026 Share
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