Published on 10/18/2017 in the Prospect News Emerging Markets Daily.
New Issue: Hong Kong sells HK$4 billion 0.91% three-year bonds at 98.97 in reopening
By Susanna Moon
Chicago, Oct. 18 – Hong Kong Monetary Authority sold HK$4 billion of 0.91% government bonds due Nov. 5, 2020 in a reopening of the five-year bond issue on Wednesday.
The average price accepted was 98.97 for yield of 1.262%, according to a term sheet.
The issuer received HK$8.81 billion of tender applications for a bid-to-cover ratio of 2.2, according to the term sheet.
| Issuer: | Hong Kong
|
| Issue: | Government bonds
|
| Amount: | HK$4 billion
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| Maturity: | Nov. 5, 2020
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| Coupon: | 0.91%
|
| Average price: | 98.97
|
| Average yield: | 1.262%
|
| Auction date: | Oct. 18
|
| Settlement date: | Oct. 19
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