By Jennifer Chiou
New York, April 26 - The Hong Kong Monetary Authority announced the reopening of its 2.93% government bonds due Jan. 13, 2020 for an additional HK$3 billion of bonds at an auction slated for May 5.
The bond fixing price was 99.96 on Monday for a yield of 2.958%.
Hong Kong previously priced HK$2.5 billion of the 2.93% bonds at an average price of 98.59 for an average yield of 3.12%.
In the Jan. 11 auction, the lowest accepted was 98.25 and a total of HK$11.792 billion of demand was received for the sale. The pro ration factor was about 47%, and the bid-to-cover ratio was 4.72.
| Issuer: | Hong Kong Monetary Authority
|
| Issue: | Government bonds
|
| Amount: | HK$5.5 billion (up from HK$2.5 billion)
|
| Maturity: | Jan. 13, 2020
|
| Coupon: | 2.93%
|
| Price: | 98.59 (average) for HK$2.5 billion; 99.96 for HK$3 billion
|
| Yield: | 3.12% (average) for HK$2.5 billion; 2.958% for HK$3 billion
|
| Auction date: | Jan. 11 for HK$2.5 billion; May 5 for HK$2.5 billion
|
| Reopen date: | April 26
|
| Settlement date: | Jan. 12 for HK$2.5 billion; May 6 for HK$3 billion
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