By Sarah Lizee
Olympia, Wash., Sept. 12 – Hong Kong Monetary Authority sold HK$600 million of 1.89% government bonds due March 2, 2032 in a reopening on Wednesday.
The average price accepted was 91 for a yield of 2.709%, according to a term sheet. The lowest price accepted was 90.6 for a yield of 2.747%.
The amount applied was HK$2.09 billion.
The bid-to-cover ratio is 3.48.
Issuer: | Hong Kong Monetary Authority
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Issue: | Government bonds
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Amount: | HK$600 million
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Maturity: | March 2, 2032
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Coupon: | 1.89%
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Average price: | 91
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Average yield: | 2.709%
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Auction date: | Sept. 12
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Settlement date: | Sept. 13
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