By Angela McDaniels
Tacoma, Wash., Nov. 2 - Hong Kong reopened its 2.07% government bonds due Nov. 3, 2014 to add HK$3 billion, according to an announcement from the Hong Kong Monetary Authority.
The average price accepted was 104.77, resulting in an annualized yield of 0.468%. The lowest price accepted was 104.45 for a yield of 0.573%.
Investors submitted bids for HK$7.03 billion of bonds, resulting in a bid-to-cover ratio of 2.34. The average tender price received was 103.98 for a yield of 0.728%.
| Issuer: | Hong Kong
|
| Issue: | Reopened government bonds
|
| Amount: | HK$3 billion
|
| Maturity: | Nov. 3, 2014
|
| Coupon: | 2.07%
|
| Average price accepted: | 104.77
|
| Average yield: | 0.468%
|
| Auction date: | Nov. 2
|
| Settlement date: | Nov. 3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
