By Richard Connell
New York, June 2 - The Hong Kong Monetary Authority announced the results of its auction of a reopening of HK$1.5 billion of government bonds held on Wednesday.
Hong Kong auctioned HK$1.5 billion of 2.07% notes due Nov. 3, 2014 at an average yield of 1.658%.
The average accepted price was 101.78, and the lowest accepted price was 101.7.
A total of HK$4.785 billion of demand was received for the sale.
The bid-to-cover ratio was 3.19, and the pro ration factor was about 86%.
Issuer: | Hong Kong Monetary Authority
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Issue: | Government bonds
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Amount: | HK$1.5 billion
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Maturity: | Nov. 3, 2014
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Coupon: | 2.07%
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Price (average): | 101.78
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Yield (average): | 1.658%
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Auction date: | June 2
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Settlement date: | June 3
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