By Richard Connell
New York, Sept. 1 - The Hong Kong Monetary Authority auctioned HK$3.5 billion of 0.48% notes due Sept. 3, 2012 at an average yield of 0.456%.
The average accepted price was 100.05, and the lowest accepted price was 100.
A total of HK$12.89 billion of demand was received for this sale.
The bid-to-cover ratio was 3.68, and the pro ration factor was about 78%.
Issuer: | Hong Kong Monetary Authority
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Issue: | Government bonds
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Amount: | HK$3.5 billion
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Maturity: | Sept. 3, 2012
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Coupon: | 0.48%
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Price (average): | 100.05
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Yield (average): | 0.456%
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Auction date: | Sept. 1
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Settlement date: | Sept. 2
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