By Richard Connell
New York, Feb. 19 - The Hong Kong Monetary Authority announced the results of its auction of HK$600 million of exchange fund notes held on Thursday.
Hong Kong auctioned HK$600 million of 1.73% notes due Feb. 20, 2024 at an average yield of 1.67%.
The average accepted price was 100.9, and the lowest accepted was 100.5.
A total of HK$1.54 billion of demand was received, and the pro ration factor was about 26%.
Issuer: | Hong Kong Monetary Authority
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Issue: | Exchange fund notes
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Amount: | HK$600 million
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Maturity: | Feb. 20, 2024
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Coupon: | 1.73%
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Price: | 100.9 (average)
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Yield: | 1.67% (average)
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Auction date: | Feb. 19
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Settlement date: | Feb. 20
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