By Angela McDaniels
Tacoma, Wash., Nov. 5 – Hong Kong auctioned HK$3 billion of 0.83% three-year government bonds on Wednesday, according to an announcement from the Hong Kong Monetary Authority.
The average price accepted was 99.56. The yield at the average price was 0.981%.
A total of HK$12.72 billion bids were received, so the bid-to-cover ratio was 4.24 times.
The average price received was 99.38, corresponding to an annualized yield of 1.042%.
| Issuer: | Hong Kong
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| Issue: | Government bonds
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| Amount: | HK$3 billion
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| Maturity: | Nov. 6, 2017
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| Coupon: | 0.83%
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| Average accepted price: | 99.56
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| Yield at average price: | 0.981%
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| Auction date: | Nov. 5
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| Settlement date: | Nov. 6
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