New Issue: Hong Kong sells HK$2.5 billion add-on to 2.46% bonds due 2021

By Wendy Van Sickle

Columbus, Ohio, Nov. 2 – The Hong Kong Monetary Authority sold HK$2.5 billion of 2.46% government bonds due 2021 in a reopening on Wednesday.

The average accepted price was 107.45 for a yield of 0.858%. The lowest price accepted was 107.31, and the average tender price was 107.06.

Bids were received for HK$7,678,000,000. The bid-to-cover ratio was 3.07.

Issuer:	Hong Kong
Issue:	Government bonds
Amount:	HK$2.5 billion
Maturity:	Aug. 4, 2021
Coupon:	2.46%
Average price:	107.45
Average yield:	0.858%
Auction date:	Nov. 2
Settlement date:	Nov. 3

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