New Issue: Hong Kong auctions HK$2.5 billion 1.16% five-year bonds to yield 1.197%

By Susanna Moon

Chicago, May 17 – Hong Kong Monetary Authority sold HK$2.5 billion of 1.16% government bonds due 2022 on Wednesday.

The average price accepted was 99.84 for an annualized yield of 1.197%, according to the term sheet.

The issuer received HK$6.43 billion of bids for a bid-to-cover ratio of 2.57.

Issuer:	Hong Kong
Issue:	Government bonds
Amount:	HK$2.5 billion
Maturity:	May 18, 2022
Coupon:	1.16%
Average price:	99.84
Average yield:	1.197%
Auction date:	May 17
Settlement date:	May 18

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