By Richard Connell
New York, Dec. 6 - The Ministry of Finance of Korea auctioned 400 billion won in a reopening of its three-year bonds with a weighted average accepted rate of 3.04% on Monday.
The bonds carry a coupon of 3%.
For the 400 billion won offering, bids were received for 1.72 trillion won and accepted for 400 billion won.
The bid-to-cover ratio was 430%, and the bids received ranged from 3.02% to 3¼%.
| Issuer: | Ministry of Strategy and Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | 400 billion won
|
| Term: | Three years
|
| Coupon: | 3%
|
| Yield (average): | 3.04%
|
| Auction date: | Dec. 6
|
| Settlement date: | Dec. 7
|
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