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Published on 2/3/2009 in the Prospect News Emerging Markets Daily.

New Issue: Korea finance ministry sells 2.25 trillion won of three-year bonds to yield 3.58%

By Richard Connell

New York, Feb. 3 - The Ministry of Strategy and Finance of Korea auctioned 2.25 trillion won of three-year treasury bonds to yield 3.58%.

Of the 2.25 trillion won offered, bids were received for 3.295 trillion won and accepted for 2.25 trillion won.

The bid-to-cover ratio was 146.44%, and the bids received ranged from 2% to 3.75%.

Issuer:Ministry of Strategy and Finance of Korea
Issue:Bonds
Amount:2.25 trillion won
Maturity:Three years
Yield:3.58%
Auction date:Feb. 2
Settlement date:Feb. 3

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