By Angela McDaniels
Tacoma, Wash., May 17 - Hong Kong sold HK$1.2 billion of 0.59% exchange fund notes due May 20, 2013 in an auction on Tuesday, according to an announcement.
The average tender price accepted was 100.2. The average yield is 0.49%.
Bids were received for HK$9.73 billion of bonds. The average tender price received was 100.1 for an average tender yield of 0.54%.
The authority did not receive any non-competitive bids.
| Issuer: | Hong Kong
|
| Issue: | Exchange fund notes
|
| Amount: | HK$1.2 billion
|
| Maturity: | May 20, 2013
|
| Coupon: | 0.59%
|
| Average price: | 100.2
|
| Average yield: | 0.49%
|
| Auction date: | May 17
|
| Settlement date: | May 18
|
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