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Published on 2/17/2015 in the Prospect News Emerging Markets Daily.

New Issue: Hong Kong auctions HK$1.2 billion of 0.43% two-year bonds

By Susanna Moon

Chicago, Feb. 17 – Hong Kong auctioned HK$1.2 billion of 0.43% government bonds due 2017 on Wednesday under its institutional bond issuance program, according to a term sheet.

The average price accepted was 99.84 for a yield of 0.51%.

The average tender price was 99.78 for a yield of 0.54%.

The amount applied for was HK$4.6 billion.

Issuer:Hong Kong
Issue:Government bonds
Amount:HK$1.2 billion
Maturity:Feb. 20, 2017
Coupon:0.43%
Average accepted price:99.84
Yield at average price:0.51%
Auction date:Feb. 17
Settlement date:Feb. 18

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