By Richard Connell
New York, June 8 - The Hong Kong Monetary Authority announced the results of its auction of HK$800 million of exchange fund notes held on Monday.
Hong Kong auctioned HK$800 million of 2.64% notes due June 10, 2019 at an average yield of 3.1%.
The average accepted price was 96.65, and the lowest accepted was 96.56.
A total of HK$2.448 billion of demand was received, and the pro ration factor was about 32%.
Issuer: | Hong Kong Monetary Authority
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Issue: | Exchange fund notes
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Amount: | HK$800 million
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Maturity: | June 10, 2019
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Coupon: | 2.64%
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Price: | 96.65 (average)
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Yield: | 3.1% (average)
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Auction date: | June 8
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Settlement date: | June 9
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