Published on 8/18/2017 in the Prospect News Emerging Markets Daily.
New Issue: Hong Kong auctions HK$1.2 billion 0.77% two-year bonds to yield 0.85%
New York, Aug. 18 – Hong Kong Monetary Authority sold HK$1.2 billion of 0.77% government bonds due 2019 on Friday.
The average price accepted was 99.84 for a yield of 0.85%.
Offers to buy were received for HK$9.78 billion for a pro rata ratio of about 37, 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: | Aug. 21, 2019
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Coupon: | 0.77%
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Average price: | 99.85
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Average yield: | 0.85%
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Auction date: | Aug. 18
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Settlement date: | Aug. 21
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