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Published on 11/3/2008 in the Prospect News Emerging Markets Daily.

New Issue: Ministry of Finance of Korea sells 1.88 billion won reopening of three-year bonds to yield 4.6%

By Richard Connell

New York, Nov. 3 - The Ministry of Strategy and Finance of Korea auctioned a 1.88 billion won reopening of three-year treasury bonds to yield 4.6%.

Of the 1.95 billion won offered, bids were received for 2.08 billion won and accepted for 1.88 billion won.

The bid to cover ratio was 106.67% and the bids received ranged from 4.48% to 5.61%.

the original bonds were issued on June 10.

Issuer:Ministry of Strategy and Finance of Korea
Issue:Bonds
Amount:1.88 billion won
Maturity:Three years
Yield:4.6%
Auction date:Nov. 3
Settlement date:Nov. 4

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