By Susanna Moon
Chicago, June 6 - Hong Kong Monetary Authority issued HK$1.5 billion of 0.97% government bonds due Dec. 8, 2016 through an auction on Wednesday, according to a government announcement.
The average price accepted was 100.61. The average yield was 0.834%.
Bids were received for HK$4.58 billion of bonds. The average tender price received was 100.37 for an average tender yield of 0.889%. The bid-to-cover ratio was 3.05.
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: | Dec. 8, 2016
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Coupon: | 0.97%
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Average price: | 100.61
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Average yield: | 0.834%
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Auction date: | June 6
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Settlement date: | June 7
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