By Susanna Moon
Chicago, June 26 - Hong Kong sold RMB 10 billion of sovereign bonds in six tranches at an auction on Wednesday.
The six tranches are as follows:
• RMB 5 billion of 2.87% three-year bonds with an average yield of 2.71%;
• RMB 2 billion of 3.02% five-year bonds with an average yield of 2.83%;
• RMB 1 billion of 3.09% seven-year bonds with an average yield of 2.94%;
• RMB 1 billion of 3.16% 10-year bonds with an average yield of 3.01%;
• RMB 500 million of 3.6% 15-year bonds with an average yield of 3.4%; and
• RMB 500 million of 3.95% 30-year bonds with an average yield of 3.85%.
| Issuer: | Hong Kong
|
| Issue: | Sovereign bonds
|
| Amount: | RMB 10 billion
|
| Auction date: | June 26
|
| Settlement date: | June 27
|
|
|
| First series
|
| Amount: | RMB 5 billion
|
| Maturity: | June 27, 2016
|
| Coupon: | 2.87%
|
| Average yield: | 2.71%
|
|
|
| Second series
|
| Amount: | RMB 2 billion
|
| Maturity: | June 27, 2018
|
| Coupon: | 3.02%
|
| Average yield: | 2.83%
|
|
|
| Third series
|
| Amount: | RMB 1 billion
|
| Maturity: | June 27, 2020
|
| Coupon: | 3.09%
|
| Average yield: | 2.94%
|
|
|
| Fourth series
|
| Amount: | RMB 1 billion
|
| Maturity: | June 27, 2023
|
| Coupon: | 3.16%
|
| Average yield: | 3.01%
|
|
|
| Fifth series
|
| Amount: | RMB 500 million
|
| Maturity: | June 27, 2028
|
| Coupon: | 3.6%
|
| Average yield: | 3.4%
|
|
|
| Sixth series
|
| Amount: | RMB 500 million
|
| Maturity: | June 29, 2043
|
| Coupon: | 3.95%
|
| Average yield: | 3.85%
|
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