By Tali Rackner
Norfolk, Va., June 28 – The Ministry of Finance of Korea offered and accepted KRW 800 billion of bids for its 2 5/8% 20-year treasury bonds on Monday, according to a government notice.
The weighted average accepted rate was 1.56%.
Korea received bids for KRW 3,027,000,000,000, for a bid-to-cover ratio of 378.4%.
The bonds were originally issued on Sept. 10, 2015.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 800 billion
|
| Maturity: | 20 years
|
| Coupon: | 2 5/8%
|
| Average accepted rate: | 1.56%
|
| Auction date: | June 27
|
| Settlement date: | June 28
|
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