By Richard Connell
New York, Nov. 14 - The Hong Kong Monetary Authority announced the results of its HK$ 1.2 billion auction of Exchange Fund notes.
It sold HK$1.2 billion of 0.82% notes due November 17, 2010 at an average yield of 0.87%
The average accepted price was 99.9 and the lowest accepted was 99.85.
A total of HK$4.8 billion of demand was received in this auction, and the pro ration factor was about 14%.
Issuer: Hong Kong Monetary Authority
| Amount: | HK$1.2 billion
|
| Issue: | Exchange Fund Notes
|
| Maturity: | Nov. 17, 2010
|
| Coupon: | 0.82%
|
| Price: | 99.9 (average)
|
| Yield: | 0.87% (average)
|
| Auction date: | Nov. 14
|
| Settlement date: | Nov. 17
|
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