Published on 5/18/2016 in the Prospect News Emerging Markets Daily.
New Issue: Hong Kong auctions HK$1.2 billion 0.67% two-year exchange fund notes
By Tali Rackner
Norfolk, Va., May 18 – The Hong Kong Monetary Authority sold HK$1.2 billion of two-year exchange fund notes in an auction on Wednesday.
Hong Kong sold the 0.67% bonds at an average price of 100.15 for a yield of 0.59%.
Bids were received for HK$8.19 billion.
| Issuer: | Hong Kong
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| Issue: | Exchange fund notes
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| Amount: | HK$1.2 billion
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| Maturity: | May 21, 2018
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| Coupon: | 0.67%
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| Average price: | 100.15
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| Average yield: | 0.59%
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| Auction date: | May 18
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| Settlement date: | May 19
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