By Sarah Lizee
Olympia, Wash., May 16 – Hong Kong Monetary Authority sold HK$2.5 billion of 1.1% government bonds due Jan. 17, 2023 in a reopening on Wednesday.
The average price accepted was 93.9 for a yield of 2.507%, according to a term sheet. The lowest price accepted was 93.27 for a yield of 2.658%.
The amount applied was HK$4.92 billion.
The bid-to-cover ratio is 1.97.
| Issuer: | Hong Kong Monetary Authority
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| Issue: | Government bonds
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| Amount: | HK$2.5 billion
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| Maturity: | Jan. 17, 2023
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| Coupon: | 1.1%
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| Average price: | 93.9
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| Average yield: | 2.507%
|
| Auction date: | May 16
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| Settlement date: | May 17
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