By Richard Connell
New York, Dec. 1 - The Hong Kong Monetary Authority auctioned HK$2.5 billion of 1.43% notes due Dec. 2, 2015 at an average yield of 1.566%.
The average accepted price was 99.38, and the lowest accepted price was 99.16.
A total of HK$6.16 billion of demand was received for this sale.
The bid-to-cover ratio was 2.46, and the pro ration factor was about 70%.
| Issuer: | Hong Kong Monetary Authority
|
| Issue: | Government bonds
|
| Amount: | HK$2.5 billion
|
| Maturity: | Dec. 2, 2015
|
| Coupon: | 1.43%
|
| Price (average): | 99.38
|
| Yield (average): | 1.566%
|
| Auction date: | Dec. 1
|
| Settlement date: | Dec. 2
|
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