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Published on 12/1/2008 in the Prospect News Emerging Markets Daily.

New Issue: Ministry of Finance of Korea sells 1.2 trillion won of 3-year bonds to yield 4.72%

By Richard Connell

New York, Dec. 1 - The Ministry of Strategy and Finance of Korea auctioned 1.200 trillion won of 3-year treasury bonds to yield 4.72%

Of the 1.2 trillion won offered, bids were received for 2.6 trillion won and accepted for 1.200 trillion won.

The bid to cover ratio was 216.67% and the bids received ranged from 4.60% to 4.85%

Issuer:Ministry of Strategy and Finance of Korea
Issue:Bonds
Amount:1.200 trillion won
Maturity:3 years
Yield:4.72%
Auction date:Dec. 1
Settlement date:Dec. 2

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