By Jennifer Chiou
New York, Nov. 13 - The Hong Kong Monetary Authority announced the results of its HK$1.2 billion auction of Exchange Fund notes.
It sold the 0.55% notes due Nov. 16, 2011 at an average yield of 0.47%.
The average accepted price was 100.2 and the lowest accepted was 100.16.
A total of HK$7.15 billion of demand was received in this auction, and the pro ration factor was about 7%.
The authority also received non-competitive bids for HK$800,000 of the notes.
Issuer: Hong Kong Monetary Authority
| Amount: | HK$1,199,200,000
|
| Issue: | Exchange Fund Notes
|
| Maturity: | Nov. 16, 2011
|
| Coupon: | 0.55%
|
| Price: | 100.2 (average)
|
| Yield: | 0.47% (average)
|
| Auction date: | Nov. 13
|
| Settlement date: | Nov. 16
|
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