By Jennifer Chiou
New York, Dec. 18 - Hong Kong auctioned a total of HK$2.2 billion of exchange-fund notes on Wednesday, according to an announcement from the Hong Kong Monetary Authority.
The HK$1 billion tranche of 1.17% five-year notes had an average accepted price of 99.55 for an average yield of 1.27%.
Bids were received for HK$3.5 billion of notes. The lowest accepted price was 99.48.
The HK$1.2 billion tranche of 0.82% three-year notes had an average accepted price of 100.75 for an average yield of 0.57%.
Bids were received for HK$3.46 billion of notes. The lowest accepted price was 100.71.
| Issuer: | Hong Kong
|
| Issue: | Exchange-fund notes
|
| Total amount: | HK$2.2 billion
|
| Auction date: | Dec. 18
|
| Settlement date: | Dec. 19
|
|
|
| Five-year notes
|
| Amount: | HK$1 billion
|
| Maturity: | Dec. 19, 2018
|
| Coupon: | 1.17%
|
| Average price: | 99.55
|
| Average yield: | 1.27%
|
|
|
| Three-year notes
|
| Amount: | HK$1.2 billion
|
| Maturity: | Dec. 19, 2016
|
| Coupon: | 0.82%
|
| Average price: | 100.75
|
| Average yield: | 0.57%
|
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