New Issue: Hong Kong auctions HK$1.2 billion 1.04% two-year bonds to yield 1.06%

By Wendy Van Sickle

Columbus, Ohio, Nov. 17 – Hong Kong Monetary Authority sold HK$1.2 billion of 1.04% exchange fund notes due 2019 on Friday.

The average price accepted was 99.97 for a yield of 1.06%.

Offers to buy were received for HK$13.45 billion, according to the term sheet.

Issuer:	Hong Kong
Issue:	Exchange fund notes
Amount:	HK$1,199,900,000
Maturity:	Nov. 20, 2019
Coupon:	1.04%
Average price:	99.97
Average yield:	1.06%
Auction date:	Nov. 17
Settlement date:	Nov. 20

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