By Richard Connell
New York, June 2 - The Hong Kong Monetary Authority announced the results of its auction of a reopening of HK$1.5 billion of government bonds held on Wednesday.
Hong Kong auctioned HK$1.5 billion of 2.07% notes due Nov. 3, 2014 at an average yield of 1.658%.
The average accepted price was 101.78, and the lowest accepted price was 101.7.
A total of HK$4.785 billion of demand was received for the sale.
The bid-to-cover ratio was 3.19, and the pro ration factor was about 86%.
| Issuer: | Hong Kong Monetary Authority
|
| Issue: | Government bonds
|
| Amount: | HK$1.5 billion
|
| Maturity: | Nov. 3, 2014
|
| Coupon: | 2.07%
|
| Price (average): | 101.78
|
| Yield (average): | 1.658%
|
| Auction date: | June 2
|
| Settlement date: | June 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.
