Published on 3/1/2017 in the Prospect News Emerging Markets Daily.
New Issue: Hong Kong auctions HK$600 million 1.89% 15-year bonds to yield 2.029%
By Susanna Moon
Chicago, March 1 – Hong Kong Monetary Authority sold HK$600 million of 1.89% government bonds due 2032 on Wednesday.
The average price accepted was 98.35 for an annualized yield of 2.029%, according to the term sheet.
The issuer received HK$2.18 billion of bids for a bid-to-cover ratio of 3.63.
Issuer: | Hong Kong
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Issue: | Government bonds
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Amount: | HK$600 million
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Maturity: | March 2, 2032
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Coupon: | 1.89%
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Average price: | 98.35
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Average yield: | 2.029%
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Auction date: | March 1
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Settlement date: | March 2
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