Published on 5/18/2018 in the Prospect News Emerging Markets Daily.
New Issue: Hong Kong auctions HK$1.2 billion 1.79% bonds due 2020 to yield 1.93%
By Susanna Moon
Chicago, May 18 – Hong Kong Monetary Authority sold HK$1.2 billion of 1.79% government bonds due 2020 in the exchange fund tender held Friday.
The average price accepted was 99.75 for a yield of 1.93%, according to a term sheet. The lowest price accepted was 99.74 for a yield of 1.93%.
The pro rata ration was about 90%.
Issuer: | Hong Kong Monetary Authority
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Issue: | Government bonds
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Amount: | HK$1.2 billion
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Maturity: | May 21, 2020
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Coupon: | 1.79%
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Average price: | 99.75
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Average yield: | 1.93%
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Auction date: | May 18
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Settlement date: | May 21
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