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HKMA holds $1b tender for 10-Year Government Bonds
Total tender applications amounted to $5.448b.
The Hong Kong Monetary Authority held a tender for $1b in 10-year HKD institutional Government Bonds on 5 November, according to a press release.
The bonds were reopened under the existing issue within the Infrastructure Bond Programme.
Total tender applications amounted to $5.448b, resulting in a bid-to-cover ratio of 5.45.
The average accepted price for the bonds was 102.55, which corresponds to an annualised yield of 2.888%.
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