New Issue: Hong Kong auctions HK$1.2 billion 1.79% bonds due 2020 to yield 1.93%

By Susanna Moon

Chicago, May 18 – Hong Kong Monetary Authority sold HK$1.2 billion of 1.79% government bonds due 2020 in the exchange fund tender held Friday.

The average price accepted was 99.75 for a yield of 1.93%, according to a term sheet. The lowest price accepted was 99.74 for a yield of 1.93%.

The pro rata ration was about 90%.

Issuer:	Hong Kong Monetary Authority
Issue:	Government bonds
Amount:	HK$1.2 billion
Maturity:	May 21, 2020
Coupon:	1.79%
Average price:	99.75
Average yield:	1.93%
Auction date:	May 18
Settlement date:	May 21

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