By Jennifer Chiou
New York, Nov. 21 - Hong Kong auctioned RMB 7 billion of bonds in two series on Thursday.
Three-year bonds were issued in an amount of RMB 5 billion at an average accepted coupon rate of 2.48%. Bids were received for RMB 20.54 billion of the bonds for an allocation ratio of 26.79%.
The lowest accepted rate was 2%.
Five-year bonds were issued in an amount of RMB 2 billion at an average accepted coupon rate of 2.92%. Bids were received for RMB 5.36 billion of the bonds. The lowest accepted rate was 2%.
| Issuer: | Hong Kong
|
| Issue: | RMB notes
|
| Total amount: | RMB 7 billion
|
| Auction date: | Nov. 21
|
| Settlement date: | Nov. 22
|
|
|
| Three-year bonds
|
| Amount: | RMB 5 billion
|
| Maturity: | Nov. 22, 2016
|
| Average accepted coupon: | 2.48%
|
|
|
| Five-year bonds
|
| Amount: | RMB 2 billion
|
| Maturity: | Nov. 22, 2018
|
| Average accepted coupon: | 2.92%
|
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