By Richard Connell
New York, Feb. 12 - The Hong Kong Monetary Authority announced the results of its auction of HK$1.2 billion of exchange fund notes held on Friday.
Hong Kong auctioned HK$1.2 billion of 0.64% bonds due Feb. 17, 2012 at an average yield of 0.62%.
The average accepted price was 100.05, and the lowest accepted was 100.01.
A total of HK$5.84 billion of demand was received for the sale.
The pro ration factor for the auction was about 44%.
Issuer: | Hong Kong Monetary Authority
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Issue: | Exchange fund notes
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Amount: | HK$1.2 billion
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Maturity: | Feb. 17, 2012
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Coupon: | 0.64%
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Price: | 100.05 (average)
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Yield: | 0.62% (average)
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Auction date: | Feb. 12
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Settlement date: | Feb. 17
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