By Marisa Wong
Madison, Wis., May 8 - The Hong Kong Monetary Authority sold HK$3 billion of three-year government bonds in an auction on Wednesday.
Hong Kong sold the 0.34% bonds at an average price of 99.73 for a yield of 0.431%.
Bids were received for HK$7.24 billion of bonds.
The bid-to-cover ratio was 2.41.
Issuer: | Hong Kong
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Issue: | Government bonds
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Amount: | HK$3 billion
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Maturity: | May 9, 2016
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Coupon: | 0.34%
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Average price: | 99.73
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Average yield: | 0.431%
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Auction date: | May 8
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Settlement date: | May 9
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