New Issue: Hong Kong auctions HK$1.2 billion 0.43% two-year notes to yield 0.61%

By Richard Connell

New York, Aug. 14 - The Hong Kong Monetary Authority announced the results of its auction of HK$1,199,800,000 of exchange fund notes held on Friday.

Hong Kong auctioned HK$1,199,800,000 of 0.43% notes due Aug. 17, 2011 at an average yield of 0.61%.

The average accepted price was 99.65, and the lowest accepted was 99.63.

A total of HK$6.03 billion of demand was received, and the pro ration factor was about 59%.

Issuer:	Hong Kong Monetary Authority
Issue:	Exchange fund notes
Amount:	HK$1,199,800,000
Maturity:	Aug. 17, 2011
Coupon:	0.43%
Price:	99.65 (average)
Yield:	0.61% (average)
Auction date:	Aug. 14
Settlement date:	Aug. 17

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