New Issue: Hong Kong auctions HK$2.2 billion of 1.52%, 0.79% bonds in two tranches

By Tali David

Minneapolis, Sept. 24 - Hong Kong sold HK$2.2 billion of exchange fund notes in two tranches through an auction on Tuesday.

Hong Kong sold HK$1 billion of 1.52% bonds due 2018 at an average price of 101.43 and an average yield of 1.23%. Bids were received for HK$3,085,000,000 of the bonds.

The government also sold HK$1.2 billion in a reopening of its 0.79% bonds due 2016 at an average tender price of 100.60 and an average yield of 0.59%. Bids were received for HK$3.61 billion of the bonds.

Issuer:	Hong Kong
Issue:	Exchange fund notes
Amount:	HK$2.2 billion
Auction date:	Sept. 24
Settlement date:	Sept. 25
First series
Maturity:	Sept. 25, 2018
Coupon:	1.52%
Average price:	101.43
Average yield:	1.23%
Second series
Maturity:	Sept. 19, 2016
Coupon:	0.79%
Average price:	100.60
Average yield:	0.59%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.