By Richard Connell
New York, Dec. 18 - The Hong Kong Monetary Authority announced the results of its auction of HK$2.2 billion of exchange fund notes held on Friday.
Hong Kong auctioned HK$1 billion of 1.69% notes due Dec. 22, 2014 at an average yield of 1.71%.
The average accepted price was 99.92, matching the lowest accepted price, while the average tender price was 99.68.
A total of HK$3.56 billion of demand was received, and the pro rata ratio was 100%.
In a second tranche, the bank auctioned HK$1.2 billion in a reopening of its 2.66% notes due Dec. 17, 2012 at an average yield of 0.94%.
The average accepted price was 105.05, and the lowest accepted was 105.02. The average tender price was 104.95.
A total of HK$6.02 billion of demand was received, and the pro ration factor was about 30%.
| Issuer: | Hong Kong Monetary Authority
|
| Total amount: | HK$2.2 billion
|
| Issue: | Exchange fund notes
|
| Auction date: | Dec. 18
|
| Settlement date: | Dec. 21
|
|
|
| Bonds due 2014
|
| Amount: | HK$1 billion
|
| Maturity: | Dec. 22, 2014
|
| Coupon: | 1.69%
|
| Price: | 99.92 (average)
|
| Yield: | 1.71% (average)
|
|
|
| Bonds due 2012 (reopening)
|
| Amount: | HK$1.2 billion
|
| Maturity: | Dec. 17, 2012
|
| Coupon: | 2.66%
|
| Price: | 105.05 (average)
|
| Yield: | 0.94% (average)
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
