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Published on 6/17/2011 in the Prospect News Emerging Markets Daily.

New Issue: Hong Kong prices HK$800 million 2.31% notes due 2021 to yield 2.27%

By Susanna Moon

Chicago, June 17 - Hong Kong priced HK$800 million of its 2.31% exchange-fund notes due June 21, 2021 on Friday, according to a government notice.

The government received competitive bids for HK$2.908 billion of the bonds at an average tender price of 100.51 to yield 2.27%.

Issuer:Hong Kong
Issue:Exchange-fund notes
Amount:HK$800 million
Maturity:June 21, 2021
Coupon:2.31%
Average tender price:100.51
Average yield:2.27%
Pricing date:June 17
Settlement date:June 20

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