Exchange Fund Bills Tender Results Announced

HKMA Press Releases

Published March 10th, 2026

Detected March 12th, 2026

Summary

The Hong Kong Monetary Authority announced the tender results for Exchange Fund Bills on March 10, 2026. The results detail the amounts applied for and allotted, along with accepted yields for various bill issuances.

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What changed

The Hong Kong Monetary Authority (HKMA) has published the tender results for Exchange Fund Bills (EF Bills) conducted on March 10, 2026. The announcement includes details for three separate bill issuances (Q2610, H2639, Y2687), specifying the tender date, issue date, maturity date, amounts applied for and allotted, and the average and highest accepted yields. For instance, the Q2610 issuance saw HK$167,402 million applied for and HK$64,371 million allotted at an average accepted yield of 2.00%.

This notice serves as an informational update on the results of recent debt instrument tenders. While it does not impose new obligations or deadlines on regulated entities, it provides market participants such as banks, fund managers, and investors with crucial data regarding the performance and yields of Exchange Fund Bills. The HKMA also provided a forward-looking schedule for tenders to be held in the week beginning March 16, 2026, indicating upcoming issuance plans.

Source document (simplified)

Exchange Fund Bills Tender Results

Press Releases

10 Mar 2026

Exchange Fund Bills Tender Results

| Tender date | : | 10 March 2026 |
| --- | --- | --- |
| Paper on offer | : | EF Bills |
| Issue number | : | Q2610 |
| Issue date | : | 11 March 2026 |
| Maturity date | : | 10 June 2026 |
| Amount applied | : | HK$167,402 MN |
| Amount allotted | : | HK$64,371 MN |
| Average yield accepted | : | 2.00 PCT |
| Highest yield accepted | : | 2.05 PCT |
| Pro rata ratio* | : | About 52 PCT |
| Average tender yield | : | 2.12 PCT |
| **************************** | | |
| Tender date | : | 10 March 2026 |
| Paper on offer | : | EF Bills |
| Issue number | : | H2639 |
| Issue date | : | 11 March 2026 |
| Maturity date | : | 9 September 2026 |
| Amount applied | : | HK$42,050 MN |
| Amount allotted | : | HK$15,600 MN |
| Average yield accepted | : | 2.11 PCT |
| Highest yield accepted | : | 2.16 PCT |
| Pro rata ratio* | : | About 31 PCT |
| Average tender yield | : | 2.23 PCT |
| **************************** | | |
| Tender date | : | 10 March 2026 |
| Paper on offer | : | EF Bills |
| Issue number | : | Y2687 |
| Issue date | : | 11 March 2026 |
| Maturity date | : | 10 March 2027 |
| Amount applied | : | HK$14,350 MN |
| Amount allotted | : | HK$3,000 MN |
| Average yield accepted | : | 2.07 PCT |
| Highest yield accepted | : | 2.13 PCT |
| Pro rata ratio* | : | About 100 PCT |
| Average tender yield | : | 2.24 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 – 16 March 2026:

| Tender date | : | 17 March 2026 |
| --- | --- | --- |
| Paper on offer | : | EF Bills |
| Issue number | : | Q2611 |
| Issue date | : | 18 March 2026 |
| Maturity date | : | 17 June 2026 |
| Tenor | : | 91 Days |
| Amount on offer | : | HK$63,714 MN |
| **************************** | | |
| Tender date | : | 17 March 2026 |
| Paper on offer | : | EF Bills |
| Issue number | : | H2640 |
| Issue date | : | 18 March 2026 |
| Maturity date | : | 16 September 2026 |
| Tenor | : | 182 Days |
| Amount on offer | : | HK$14,000 MN |

End/Tuesday, 10 March, 2026

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