By Richard Connell
New York, Dec. 9 - Hong Kong announced the results of its auction of HK$800 million of Exchange Fund notes held on Tuesday.
Hong Kong auctioned HK$800 million of 1.61% notes due Dec.10, 2018 at an average yield of 1.62%.
The average accepted price was 99.94 and the lowest accepted was 99.63.
A total of HK$3.35 billion of demand was received, and the pro rata ratio factor was about 85%.
| Issuer: | Hong Kong
|
| Issue: | Exchange Fund Notes
|
| Amount: | HK$ 800 million
|
| Maturity: | Dec. 10, 2018
|
| Coupon: | 1.61%
|
| Price: | 99.94 (average)
|
| Yield: | 1.62% (average)
|
| Auction date: | Dec. 9
|
| Settlement date: | Dec. 10
|
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