By Susanna Moon
Chicago, June 22 – Hong Kong Monetary Authority sold RMB 7 billion of government bonds due in three years and in five years on Thursday.
The allocation ratios were as follows, according to a term sheet:
• 99.85% for the RMB 5 billion of three-year bonds with an average accepted coupon rate of 3.93%, highest accepted coupon of 3.99% and lowest accepted coupon of 2½%; and
• 11.88% for the RMB 2 billion of five-year bonds with an average accepted coupon rate of 4.05%, highest accepted coupon of 4.1% and lowest accepted coupon of 3½%.
| Issuer: | Hong Kong
|
| Issue: | Government bonds
|
| Amount: | RMB 7 billion
|
| Auction date: | June 22
|
| Settlement date: | June 26
|
|
|
| Three-year bonds
|
| Amount: | RMB 5 billion
|
| Maturity: | Three years
|
| Average coupon: | 3.93%
|
| Highest coupon: | 3.93
|
| Lowest coupon: | 2½%
|
|
|
| Five-year bonds
|
| Amount: | RMB 2 billion
|
| Maturity: | Five years
|
| Average coupon: | 4.05%
|
| Highest coupon: | 4.1%
|
| Lowest coupon: | 3½%
|
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