New Issue: Hong Kong sells HK$4 billion add-on to 1.06% government bonds due 2020

By Susanna Moon

Chicago, Oct. 5 – The Hong Kong Monetary Authority sold HK$4 billion of 1.06% government bonds due 2020 in a reopening on Wednesday.

The average accepted price was 101.41 for a yield of 0.634%. The lowest price accepted was 101.01, and the average tender price was 100.89.

Bids were received for HK$10,315,000,000. The bid-to-cover ratio was 2.58.

Issuer:	Hong Kong
Issue:	Government bonds
Amount:	HK$4 billion
Maturity:	Feb. 5, 2020
Coupon:	1.06%
Average price:	101.41
Average yield:	0.634%
Auction date:	Oct. 5
Settlement date:	Oct. 6

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