By Marisa Wong
Madison, Wis., Dec. 5 – Hong Kong auctioned HK$800 million of 10-year exchange-fund notes on Friday, according to a term sheet.
The notes carry a coupon of 1.84%.
The average price accepted was 100.8 for a yield of 1.76%.
Bids were received for HK$3.45 billion of notes. The average tender price was 100.68 for a yield of 1.77%.
| Issuer: | Hong Kong
|
| Issue: | Exchange-fund notes
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| Amount: | HK$800 million
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| Maturity: | Dec. 9, 2024
|
| Coupon: | 1.84%
|
| Average accepted price: | 100.8
|
| Yield at average price: | 1.76%
|
| Auction date: | Dec. 5
|
| Settlement date: | Dec. 8
|
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