FINWIRES · TerminalLIVE
FINWIRES

Canada's Two-Year Bond Auction Draws CA$14.4 Billion in Bids at 3.164% Yield

By

Canada's two-year bond auction received CA$14.4 billion in bids for CA$5.5 billion of securities, with the bonds awarded at an average yield of 3.164%, according to data published on the Bank of Canada's website on Thursday.

The auction's yield ranged from 3.161% at the low end to 3.166% at the high end. The bond will mature on Nov. 1, 2028.

The auction received 2.6 times more bids than the amount of bonds available for sale.

Canadian investors received 59.44% of the bonds sold, while international investors received 40.56%. Canada's central bank didn't buy any of the bonds.

Related Articles

Treasury

Hengyi Petrochemical to Redeem Convertible Bonds After Trigger

Hengyi Petrochemical (SHE:000703) will redeem its Hengyi Convertible 2 bonds at 100.25 yuan each after the conversion deadline of Sept. 8, according to a Thursday filing with the Shenzhen bourse.The redemption was triggered on August 17, after the company's share price exceeded 130% of the conversion price of 13.416 yuan for at least 15 trading days in a 30-day window.Unconverted bonds will be redeemed on Sept. 9, and delisted from the Shenzhen bourse.Shares of the chemical fiber manufacturer rose 3% in recent trade.

SHE:000703
Treasury

Huadian Power International Issues 1 Billion Yuan in Medium-Term Bonds

Huadian Power International (SHA:600027, HKG:1071) issued medium-term bonds worth 1 billion yuan, according to a Thursday disclosure on the Shanghai bourse.The bonds have a coupon rate of 1.74% and a term of five years.China Merchants Bank (SHA:600036, HKG:3968) and Bank of China (SHA:601988, HKG:3988) acted as lead underwriters for the issuance.Proceeds will be used to pay debt and supplement the power company's working capital.The company's Shanghai shares jumped 3% and Hong Kong shares rose 2% during the morning trade.

HKG:1071HKG:3968HKG:3988SHA:600027SHA:600036SHA:601988
Treasury

Huadian Power International Raises 1 Billion Yuan Via Bond Issue; Shares Up 3%

Huadian Power International (SHA:600027) raised net proceeds of 1 billion yuan via the issue of three-year sci-tech innovation corporate bonds carrying a coupon rate of 1.61%.Shares of the company rose nearly 3% in late-mornig trade Thursday.Proceeds will fund debt repayment, working capital replenishment and project investments, according to a Wednesday aftermarket filing with the Shanghai bourse.GF Securities, Huatai United Securities, Guotai Haitong Securities, China Merchants Securities, Industrial Securities and China Galaxy Securities acted as lead underwriters.

SHA:600027