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Hong Kong to auction HK$1 billion add-on to 2.02% bonds due 2034
By Marisa Wong
Los Angeles, Sept. 8 – The Hong Kong Monetary Authority will offer HK$1 billion of bonds in a reopening of its 2.02% government bonds due March 7, 2034, according to a press release.
A competitive tender will be held from 9:30 p.m. ET to 10:30 p.m. ET on Sept. 15.
Settlement will be on Sept. 17.
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 of that.
The accrued interest to be paid by successful bidders on the issue date for the tender amount is HK$27.67 per minimum denomination of HK$50,000.
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