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Hong Kong to auction HK$1.7 billion add-on to 1.97% bonds due 2029
Chicago, Feb. 3 – The Hong Kong Monetary Authority said it will sell an additional HK$1.7 billion of its 1.97% government bonds due Jan. 17, 2029 through a competitive tender operation on Feb. 11 from 8:30 p.m. ET to 9:30 p.m. ET, according to a press release.
The indicative pricing of the bonds on Monday is 105.7 with an annualized yield of 1.3%.
The tender operation is only open to recognized dealers who are appointed as primary dealers.
Each tender must be for an amount of HK$50,000 or integral multiples thereof.
The accrued interest to be paid by successful bidders on the issue date, Feb. 13, for the tender amount is HK$72.86 per minimum denomination of HK$50,000.
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