New Issue: Hong Kong auctions HK$2 billion 0.61% five-year bonds to yield 1.38%

By Toni Weeks

San Luis Obispo, Calif., Feb. 4 - The Hong Kong Monetary Authority sold HK$2 billion of five-year government bonds in an auction on Monday.

Hong Kong sold the 0.61% bonds at an average price of 98.65 for a yield of 0.89%. Bids were received for HK$5.97 billion of the bonds.

The bid-to-cover ratio was 2.98.

Issuer:	Hong Kong
Issue:	Government bonds
Amount:	HK$2 billion
Maturity:	Feb. 5, 2018
Coupon:	0.61%
Average price:	98.65
Average yield:	0.89%
Auction date:	Feb. 4
Settlement date:	Feb. 5

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