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Korea buys back KRW 500 billion of four series of treasury bonds
By Angela McDaniels
Tacoma, Wash., Aug. 24 - Korea's Ministry of Strategy and Finance bought back KRW 500 billion of treasury bonds in an auction on Wednesday, according to a government announcement.
Bondholders submitted KRW 1.6 trillion of bonds, resulting in a bid-to-cover ratio of 320%.
Holders tendered:
• KRW 85 billion of five-year bonds (0475-1203), of which KRW 25 billion was accepted. The weighted average rate received was 3.40%, and the weighted average accepted rate was 3.41%;
• KRW 560 billion of three-year bonds (0400-1206), of which KRW 330 billion was accepted. The weighted average rate received was 3.45%, and the weighted average accepted rate was 3.46%;
• KRW 403 billion of five-year bonds (0525-1209), of which KRW 35 billion was accepted. The weighted average rate received was 3.45%, and the weighted average accepted rate was 3.49%; and
• KRW 552 trillion of three-year bonds (0425-1212), of which KRW 110 billion was accepted. The weighted average rate received was 3.47%, and the weighted average accepted rate was 3.49%.
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