Hong Kong to auction HK$2.5 billion add-on to 2.22% bonds due 2024

By Angela McDaniels

Tacoma, Wash., Nov. 4 – The Hong Kong Monetary Authority said it will sell an additional HK$2.5 billion of its 2.22% government bonds due Aug. 7, 2024 through a competitive tender operation from 8:30 p.m. ET to 9:30 p.m. ET on Nov. 12.

The indicative pricing of the bonds on Monday is 103.5 with an annualized yield of 1.462%, according to a news release.

The tender operation is only open to recognized dealers who are appointed as primary dealers.

Each tender must be for an amount of HK$50,000 or integral multiples thereof.

The accrued interest to be paid by successful bidders on the issue date, Nov. 14, for the tender amount is HK$301.07 per minimum denomination of HK$50,000.

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