By Wendy Van Sickle
Columbus, Ohio, Oct. 7 – The Hong Kong Monetary Authority sold HK$4.2 billion of government bonds due 2019 in an auction on Wednesday.
Hong Kong sold the 1.47% bonds at an average price of 102.25 for a yield of 0.792%.
Bids were received for HK$11.78 billion.
The bid-to-cover ratio was 2.8.
| Issuer: | Hong Kong
|
| Issue: | Government bonds
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| Amount: | HK$4.2 billion
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| Maturity: | Feb. 20, 2019
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| Coupon: | 1.47%
|
| Average price: | 102.25
|
| Average yield: | 0.792%
|
| Auction date: | Oct. 7
|
| Settlement date: | Oct. 8
|
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