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Published on 2/25/2009 in the Prospect News Emerging Markets Daily.

New Issue: Korea finance ministry 300 billion won 20-year bonds yield 5.44%

By Richard Connell

New York, Feb. 25 - The Ministry of Strategy and Finance of Korea auctioned 300 billion won of 20-year treasury bonds to yield 5.44%.

Of the 300 billion won offered, bids were received for 492 billion won and accepted for 300 billion won.

The bid-to-cover ratio was 164%, and the bids received ranged from 5.21% to 5.75%.

Issuer:Ministry of Strategy and Finance of Korea
Issue:Bonds
Amount:300 billion won
Maturity:20 years
Yield:5.44%
Auction date:Feb. 23
Settlement date:Feb. 24

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