By Tali Rackner
Norfolk, Va., March 2 – The Hong Kong Monetary Authority auctioned HK$600 million of 15-year government bonds in a re-opening on Wednesday.
Hong Kong sold the 2.13% bonds at an average price of 103.51 for a yield of 1.859%.
Bids were received for HK$1.84 billion.
The bid-to-cover ratio was 3.06.
The original bonds were offered in July 2015.
| Issuer: | Hong Kong
|
| Issue: | Government bonds
|
| Amount: | HK$600 million
|
| Maturity: | July 16, 2030
|
| Coupon: | 2.13%
|
| Average price: | 103.51
|
| Average yield: | 1.859%
|
| Auction date: | March 2
|
| Settlement date: | March 3
|
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