Published on 6/28/2017 in the Prospect News Emerging Markets Daily.
New Issue: Hong Kong auctions HK$1.2 billion 1¼% 10-year bonds to yield 1.386%
By Susanna Moon
Chicago, June 28 – Hong Kong Monetary Authority sold HK$1.2 billion of 1¼% government bonds due 2022 on Wednesday.
The average price accepted was 98.78 for an annualized yield of 1.386%.
The amount applied was HK$4.31 billion for a pro rata ratio of about 40% and bid to cover ratio of 3.59, according to the term sheet.
| Issuer: | Hong Kong
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| Issue: | Government bonds
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| Amount: | HK$1.2 billion
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| Maturity: | June 29, 2027
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| Coupon: | 1¼%
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| Average price: | 98.78
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| Average yield: | 1.386%
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| Auction date: | June 28
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| Settlement date: | June 29
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