Published on 2/16/2016 in the Prospect News Emerging Markets Daily.
New Issue: Hong Kong auctions HK$1.2 billion 0.93% exchange fund notes due 2018
By Marisa Wong
Morgantown, W.Va., Feb. 16 – Hong Kong sold HK$1.2 billion of two-year exchange fund notes in an auction on Tuesday.
Hong Kong sold the 0.93% bonds at an average price of 100.43 for a yield of 0.71%.
Bids, all of which were competitive, totaled HK$7.7 billion.
| Issuer: | Hong Kong
|
| Issue: | Exchange fund notes
|
| Amount: | HK$1.2 billion
|
| Maturity: | Feb. 19, 2018
|
| Coupon: | 0.93%
|
| Average price: | 100.43
|
| Average yield: | 0.71%
|
| Auction date: | Feb. 16
|
| Settlement date: | Feb. 17
|
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