By Jennifer Chiou
New York, March 21 - The Ministry of Finance of Korea said it auctioned KRW 1.6 trillion of treasury notes on Monday in a reopening of its 5% 10-year Treasury notes.
The weighted average accepted rate was 4.5%.
Bids were received totaled KRW 5.94 trillion, resulting in a bid-to-cover ratio of 364.9%.
The original bonds were issued on June 10, 2010. The reopened bonds will settle on Tuesday.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury notes
|
| Amount: | KRW 1.6 trillion
|
| Maturity: | 10 years
|
| Coupon: | 5%
|
| Average yield: | 4.5%
|
| Auction date: | March 21
|
| Settlement date: | March 22
|
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