By Richard Connell
New York, June 22 - The Hong Kong Monetary Authority announced the results of its auction of HK$2,199,800,000 of exchange fund notes held on Monday.
Hong Kong auctioned HK$1 billion of 2.46% notes due June 23, 2014 at an average yield of 2.31%.
The average accepted price was 100.76, and the lowest accepted was 100.70.
A total of HK$3.5 billion of demand was received, and the pro ration factor was about 33%.
In a second tranche, the bank auctioned HK$1,199,800,000 in a reopening of its 4.53% notes due June 18, 2012 at an average yield of 1.51%.
The average accepted price was 108.8, and the lowest accepted was 108.75.
A total of HK$3.975 billion of demand was received, and the pro ration factor was about 20%.
| Issuer: | Hong Kong Monetary Authority
|
| Total amount: | HK$2,199,800,000
|
| Issue: | Exchange fund notes
|
| Auction date: | June 22
|
| Settlement date: | June 23
|
|
|
| Bonds due 2014
|
| Amount: | HK$1 billion
|
| Maturity: | June 23, 2014
|
| Coupon: | 2.46%
|
| Price: | 100.76 (average)
|
| Yield: | 2.31% (average)
|
|
|
| Bonds due 2012 (reopening)
|
| Amount: | HK$1,199,800,000
|
| Maturity: | June 18, 2012
|
| Coupon: | 4.53%
|
| Price: | 108.8 (average)
|
| Yield: | 1.51% (average)
|
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