New Issue: Hong Kong auctions HK$800 million 2.53% 10-year bonds to yield 2.48%

By Richard Connell

New York, June 18 - The Hong Kong Monetary Authority announced the results of its auction of HK$800 million of exchange fund notes held on Friday.

Hong Kong auctioned HK$800 million of 2.53% exchange fund notes due June 22, 2020 at an average yield of 2.48%.

The average accepted price was 100.59, and the lowest accepted price was 100.45.

A total of HK$2.24 billion of demand was received for the sale.

The pro ration factor was about 85%.

Issuer:	Hong Kong Monetary Authority
Issue:	Exchange fund notes
Amount:	HK$800 million
Maturity:	June 22, 2020
Coupon:	2.53%
Price (average):	100.59
Yield (average):	2.48%
Auction date:	June 18
Settlement date:	June 21

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