seven-year Exchange Fund note
七年期外汇基金债券
The system developed for the EFN will pave the way for the listing and trading of corporate bonds on the Stock Exchange.
这个外汇基金债券上市制度将会奠下基础，有利日后私营机构债券在联交所上市买卖。
Another initiative was the listing of Exchange Fund Notes on the Stock Exchange of Hong Kong.
另一项措施是让外汇基金债券在香港联合交易所上市。
The average over-subscription rate for the Note issues was about 2.9 times in 1999.
年内，发行外汇基金债券的平均超额认购倍数约为2.9倍。
The yields of long-term Exchange Fund Notes were largely consistent with movements in short-term Hong Kong dollar interest rates.
长期外汇基金债券收益率大致上与短期港元利率走势一致。
The yield differentials between the Exchange Fund Notes and US Treasuries remained positive at the long end, but had narrowed during the year.
年期较长的外汇基金债券与同期美国国库券的收益率差距维持于正水平，但息差已于年内收窄。
This has enhanced secondary market liquidity and channelled the investor base of EFN to the retail level.
此举提高外汇基金债券在第二市场的流通量，并将投资者基础扩阔至散户投资者。
All outstanding issues of Exchange Fund Notes were listed and traded on the Stock Exchange since August 16.
自一九九九年八月十六日起，所有未偿还外汇基金债券已在联交所上市买卖。
Demand for Exchange Fund Notes remained strong, with an average over-subscription rate at over four times in 2001.
市场对外汇基金债券的需求仍然殷切，二零零一年的平均超额认购倍数超过四倍。
The slope of yield curve steepened during the year, mainly reflecting concerns over the long-term inflation outlook in the United States as a result of repeated interest rate cuts.
年内外汇基金债券的收益率曲线上升，主要原因是市场忧虑美国经多次减息后会引致长期通胀。
Of this, Exchange Fund Bills and Notes amounted to $101.9 billion.
外汇基金票据和债券达1,019亿元。
Demand for Exchange Fund paper remains strong.
市场对外汇基金票据及债券的需求仍然殷切。
The daily turnover of Exchange Fund paper in 2001 averaged $21 billion.
二零零一年，外汇基金票据及债券的平均每日成交量为210亿元。
The daily turnover of Exchange Fund paper during 1999 averaged $16.1 billion.
年内，外汇基金票据及债券的平均每日成交量为161亿元。
Issuance activities of non-Exchange Fund paper slowed down in the year amid economic downturn and a poor external environment.
由于经济衰退、外围环境欠佳，年内非外汇基金票据及债券的发债活动减少。
Existing issues of Exchange Fund paper, which are already backed by foreign reserves, will be rolled over as and when they mature.
至于已发行的外汇基金票据及债券，由于已有外汇储备支持，因此均会在到期日续期。
The launch of the Exchange Fund Bills and Notes Programme in 1990 marked an important milestone in the development of the Hong Kong debt market.
一九九零年推出的外汇基金票据及债券计划，是香港债务市场发展的重要里程碑。
In other words, a short position of a market maker in Exchange Fund paper can be covered by a long position in SIs, or vice versa.
换言之，市场庄家若持有外汇基金票据及债券短仓，可用这些指定债务工具长仓来补仓，反之亦然。