By Marisa Wong
Madison, Wis., Dec. 2 - Hong Kong sold HK$800 million of 1.19% exchange fund notes due Dec. 6, 2021 through an auction on Friday, according to an announcement.
The average tender price accepted is 98.59. The average yield is 1.35%.
Bids were received for HK$2.89 billion of bonds. The average tender price received was 98.14 for an average tender yield of 1.39%.
No non-competitive bids were received.
| Issuer: | Hong Kong
|
| Issue: | Exchange fund notes
|
| Amount: | HK$800 million
|
| Maturity: | Dec. 6, 2021
|
| Coupon: | 1.19%
|
| Average price: | 98.59
|
| Average yield: | 1.35%
|
| Auction date: | Dec. 2
|
| Settlement date: | Dec. 5
|
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