By Richard Connell
New York, May 14 - 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 0.72% notes due May 17, 2012 at an average yield of 0.62%.
The average accepted price was 100.21, and the lowest accepted price was 100.20.
A total of HK$11.72 billion of demand was received for the sale.
The pro ration factor was about 17%.
| Issuer: | Hong Kong Monetary Authority
|
| Issue: | Exchange fund notes
|
| Amount: | HK$1.2 billion
|
| Maturity: | May 17, 2012
|
| Coupon: | 0.72%
|
| Price (average): | 100.21
|
| Yield: | 0.62%
|
| Auction date: | May 14
|
| Settlement date: | May 17
|
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