Published on 4/19/2016 in the Prospect News Emerging Markets Daily.
New Issue: Korea auctions KRW 1.24 trillion 2¼% 10-year treasury bonds at 1.825%
By Tali Rackner
Norfolk, Va., April 19 – The Ministry of Finance of Korea accepted KRW 1.24 trillion of bids for its 2¼% 10-year treasury bonds on Monday, according to a government notice.
The weighted average accepted rate was 1.825%.
Korea initially offered KRW 1.2 trillion of bonds. It received bids for KRW 5.07 trillion, for a bid-to-cover ratio of 422.3%.
The bonds were originally issued on Dec. 10.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 1,238,000,000,000
|
| Maturity: | 10 years
|
| Coupon: | 2¼%
|
| Average accepted rate: | 1.825%
|
| Auction date: | April 18
|
| Settlement date: | April 19
|
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