By Richard Connell
New York, March 23 - The Hong Kong Monetary Authority announced the results of its auction of HK$2.2 billion of exchange fund notes held in two tranches on Monday.
Hong Kong auctioned HK$1.2 billion in a reopening of 4.06% notes due March 19, 2012 at an average yield of 1.27%.
The average accepted price was 108.28, and the lowest accepted was 108.15.
A total of HK$1.756 billion of demand was received, and the pro ration factor was about 72%.
In a second tranche, Hong Kong auctioned HK$1 billion of 1.67% notes due March 24, 2014 at an average yield of 1.63%.
The average accepted price was 100.23, and the lowest accepted was 100.08.
A total of HK$2.38 billion of demand was received, and the pro ration factor was about 30%.
| Issuer: | Hong Kong Monetary Authority
|
| Issue: | Exchange fund notes
|
| Total amount: | HK$2.2 billion
|
| Auction date: | March 23
|
| Settlement date: | March 24
|
|
|
| Bonds due 2012
|
| Amount: | HK$1.2 billion
|
| Maturity: | March 19, 2012
|
| Coupon: | 4.06%
|
| Price: | 108.28 (average)
|
| Yield: | 1.27% (average)
|
|
|
| Bonds due 2014
|
| Amount: | HK$1 billion
|
| Maturity: | March 24, 2014
|
| Coupon: | 1.67%
|
| Price: | 100.23 (average)
|
| Yield: | 1.63% (average)
|
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