Exchange Fund Notes Tender Result

Tender date                      :   2 December 2011

Paper on offer                   :   EF Notes

Issue number                     :   10Y2112

Issue date                       :   5 December 2011

Maturity date                    :   6 December 2021

Coupon                           :   1.19%

Competitive Tender Result 

Amount applied                   :   HK$2,890 MN

Amount allotted                  :   HK$800 MN

Average price accepted (yield)   :   98.59 (1.35 PCT)

Lowest price accepted (yield)    :   98.32 (1.38 PCT)

Pro rata ratio                   :   About 50%

Average tender price (yield)     :   98.14 (1.39 PCT)

Non-competitive Tender Results(for applications submitted through Hong Kong Securities Clearing Company Limited) 

Amount applied                   :   0

Amount allotted                  :   0

Allotment Price (yield)          :   NIL

End/Friday, 2 December, 2011
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