By Toni Weeks
San Luis Obispo, Calif., Nov. 20 – Hong Kong auctioned RMB 9 billion of sovereign bonds in three tranches on Thursday, according to a government notice.
Hong Kong accepted bids for RMB 4 billion of three-year bonds at an average accepted coupon rate of 2.66%. The highest and lowest accepted coupon rates were 2.74% and 2.2%, respectively. Bids were received for RMB 17.29 billion of bonds, and the allocation ratio is 78%.
Hong Kong also accepted bids for RMB 3 billion of five-year bonds at an average accepted coupon rate of 2.91%. The highest and lowest accepted coupon rates were 3% and 2.4%, respectively. Bids were received for RMB 8.97 billion of bonds, and the allocation ratio is 46.55%.
Finally, Hong Kong accepted bids for RMB 2 billion of 10-year bonds at an average accepted coupon rate of 3.28%. The highest and lowest accepted coupon rates were 3.38% and 3%, respectively. Bids were received for RMB 7.7 billion of bonds, and the allocation ratio is 7.69%.
| Issuer: | Hong Kong
|
| Issue: | Sovereign bonds
|
| Amount: | RMB 9 billion
|
| Auction date: | Nov. 20
|
| Settlement date: | Nov. 21
|
|
|
| Three-year bonds
|
| Amount: | RMB 4 billion
|
| Maturity: | Nov. 21, 2017
|
| Average coupon: | 2.66%
|
|
|
| Five-year bonds
|
| Amount: | RMB 3 billion
|
| Maturity: | Nov. 21, 2019
|
| Average coupon: | 2.91%
|
|
|
| 10-year bonds
|
| Amount: | RMB 2 billion
|
| Maturity: | Nov. 21, 2024
|
| Average coupon: | 3.28%
|
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