By Marisa Wong
Madison, Wis., Feb. 21 - Hong Kong sold HK$600 million of 1.49% exchange fund bonds due Feb. 22, 2028 through an auction on Thursday, according to a news release.
The average price accepted was 98.93 for an average yield of 1.58%.
Bids were received for HK$1.51 billion of the bonds. The average tender price was 98.35 for an average yield of 1.62%.
There were no non-competitive bids for the bonds.
| Issuer: | Hong Kong
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| Issue: | Exchange fund notes
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| Amount: | HK$600 million
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| Maturity: | Feb. 22, 2028
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| Coupon: | 1.49%
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| Average price: | 98.93
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| Average yield: | 1.58%
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| Auction date: | Feb. 21
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| Settlement date: | Feb. 22
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