By Richard Connell
New York, Feb. 23 - The Hong Kong Monetary Authority announced the results of its auction of HK$600 million of exchange fund notes held on Tuesday.
Hong Kong auctioned HK$600 million of 2.95% bonds due Feb. 24, 2025 at an average yield of 2.96%.
The average accepted price was 100.18, and the lowest accepted was 100.11.
A total of HK$4.235 billion of demand was received for the sale.
The pro ration factor for the auction was about 20%.
| Issuer: | Hong Kong Monetary Authority
|
| Issue: | Exchange fund notes
|
| Amount: | HK$600 million
|
| Maturity: | Feb. 24, 2025
|
| Coupon: | 2.95%
|
| Price: | 100.18 (average)
|
| Yield: | 2.96% (average)
|
| Auction date: | Feb. 23
|
| Settlement date: | Feb. 24
|
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