By Richard Connell
New York, Sept. 2 - The Hong Kong Monetary Authority announced the results of the inaugural issue of government bonds under the Institutional Bond Issuance Programme, which was held on Wednesday.
Hong Kong auctioned HK$3.5 billion of 0.92% notes due Sept. 5, 2011 at an average yield of 0.59%.
The average accepted price was 100.65, and the lowest accepted was 100.6.
A total of HK$22.584 billion of demand was received, while the pro rata ratio was about 95% and the bid-to-cover ratio was 6.45.
| Issuer: | Hong Kong Monetary Authority
|
| Issue: | Government bonds
|
| Amount: | HK$3.5 billion
|
| Maturity: | Sept. 5, 2011
|
| Coupon: | 0.92%
|
| Price: | 100.65 (average)
|
| Yield: | 0.59% (average)
|
| Auction date: | Sept. 2
|
| Settlement date: | Sept. 3
|
© 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.
