By Tali Rackner
Norfolk, Va., Nov. 3 – The Ministry of Finance of Korea offered and accepted KRW 950 billion of bids for its 2¾% 30-year treasury bonds on Tuesday, according to a government notice.
The weighted average accepted rate was 2.3%.
Bids were received for KRW 3,351,000,000,000 of bonds, for a bid-to-cover ratio of 352.7%.
The bonds were originally issued on Dec. 10, 2014.
Issuer: | Ministry of Finance of Korea
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Issue: | Treasury bonds
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Amount: | KRW 950 billion
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Maturity: | 30 years
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Coupon: | 2¾%
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Average accepted rate: 2.3%
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Auction date: | Nov. 3
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Settlement date: | Nov. 4
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