New Issue: Hong Kong auctions HK$2.2 billion of 0.79%, 1.57% bonds in two tranches

By Tali David

Minneapolis, June 14 - Hong Kong sold HK$2.2 billion of exchange fund notes in two tranches through an auction on Friday.

Hong Kong sold HK$1 billion of 0.79% bonds due June 18, 2018 at an average price of 99.81 and an average yield of 0.83%. Bids were received for HK$2.75 billion of the bonds.

The government also sold HK$1.2 billion of 1.57% bonds due June 13, 2016 at an average tender price of 103.39 and an average yield of 0.43%. Bids were received for HK$3.82 billion of the bonds.

Issuer:	Hong Kong
Issue:	Exchange fund notes
Amount:	HK$2.2 billion
Auction date:	June 14
Settlement date:	June 17
First series
Maturity:	June 18, 2018
Coupon:	0.79%
Average price:	99.81
Average yield:	0.83%
Second series
Maturity:	June 13, 2016
Coupon:	1.57%
Average price:	103.39
Average yield:	0.43%

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