By Susanna Moon
Chicago, May 11 – Hong Kong auctioned another HK$2.5 billion of 0.91% government bonds due 2020 in a reopening of the original five-year bonds on Wednesday.
The average accepted price was 99.33 for an average yield of 1.066%, according to a government notice.
Bids were received for HK$6,625,000,000 of bonds. The bid-to-cover ratio was 2.65.
The average tender price was 98.84 for a yield of 1.179%.
| Issuer: | Hong Kong
|
| Issue: | Government bonds
|
| Amount: | HK$2.5 billion
|
| Maturity: | Nov. 5, 2020
|
| Coupon: | 0.91%
|
| Average price: | 99.33
|
| Average yield: | 1.066%
|
| Auction date: | May 11
|
| Settlement date: | May 12
|
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