Trading Notices

Updated: 14/11/2025
Price/Yield Table of New EFN at Tender


   Outlines of the new EFN at tender:-

                                Issue No.02Y2711
                                ----------------
-   Stock Code               :  4107 (EFN 2.40 2711)
-   Issue Date               :  24/11/2025
-   Maturity Date            :  24/11/2027
-   Maturity Life            :  2 years
-   Coupon Rate              :  2.40% p.a.
-   Amount on Offer          :  $1,200 million
-   HKMA Tender Closing Date :  21/11/2025 (10:30 am)
-   Closing Date for Public  :  19/11/2025 (3:45 pm)
    Tender through CCASS
-   Deadline for Tender      :  20/11/2025 (3:45 pm)
    Amendment through CCASS
-   Notification of Tender   :  21/11/2025 (after 6:00 pm)
    Result through CCASS
-   Commencement Date of     :  25/11/2025
    Trading on SEHK

Price/Yield Table of the new EFN at tender for reference only: -
(Source: Hong Kong Monetary Authority*)
-   EFN HKMA Issue No.02Y2711

Yield-to-Maturity      Price         Yield-to-Maturity      Price
-----------------      -----         -----------------      -----
       1.400          101.98               2.400           100.03
       1.450          101.88               2.450            99.93
       1.500          101.78               2.500            99.84
       1.550          101.68               2.550            99.74
       1.600          101.58               2.600            99.64
       1.650          101.48               2.650            99.55
       1.700          101.38               2.700            99.45
       1.750          101.29               2.750            99.36
       1.800          101.19               2.800            99.26
       1.850          101.09               2.850            99.17
       1.900          100.99               2.900            99.07
       1.950          100.90               2.950            98.98
       2.000          100.80               3.000            98.89
       2.050          100.70               3.050            98.79
       2.100          100.61               3.100            98.70
       2.150          100.51               3.150            98.60
       2.200          100.41               3.200            98.51
       2.250          100.32               3.250            98.42
       2.300          100.22               3.300            98.32
       2.350          100.12               3.350            98.23
                                           3.400            98.14


* Disclaimer

  The information provided here is for reference only.  Although extreme
  care has been taken to ensure that the information provided is accurate
  and up-to-date, the HKMA does not warrant that all, or any part of, the
  information provided is accurate in all respects.  You are encouraged
  to conduct your own enquiries to verify any particular piece of
  information provided on it.  The HKMA shall not be liable for any loss
  or damage suffered as a result of any use or reliance on any of the
  information provided here.