By Tali Rackner
Minneapolis, Nov. 22 – Hong Kong Monetary Authority sold HK$2.5 billion of 1.16% government bonds due May 18, 2022 on Wednesday.
The average price accepted was 98.53 for a yield of 1.505%.
Offers to buy were received for HK$6,765,000,000, according to the term sheet.
The bid-to-cover ratio is 2.71.
Issuer: | Hong Kong
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Issue: | Government bonds
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Amount: | HK$2.5 billion
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Maturity: | May 18, 2022
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Coupon: | 1.16%
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Average price: | 98.53
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Average yield: | 1.505%
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Auction date: | Nov. 22
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Settlement date: | Nov. 23
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