Published on 1/16/2013 in the Prospect News Emerging Markets Daily.
New Issue: Hong Kong auctions HK$1.5 billion 1.1% 10-year bonds to yield 1.38%
By Susanna Moon
Chicago, Jan. 16 - The Hong Kong Monetary Authority sold HK$1.5 billion of 10-year government bonds in an auction on Wednesday.
Hong Kong sold the 1.1% bonds at an average price of 97.43 for a yield of 1.38%. Bids were received for HK$8.14 billion of the bonds.
The bid-to-cover ratio was 5.43.
Issuer: | Hong Kong
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Issue: | Government bonds
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Amount: | HK$1.5 billion
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Maturity: | Jan. 17, 2023
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Coupon: | 1.1%
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Average price: | 97.43
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Average yield: | 1.38%
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Auction date: | Jan. 16
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Settlement date: | Jan. 17
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