By Richard Connell
New York, Dec. 13 - The Ministry of Finance of Korea auctioned 861 billion won in a reopening of its five-year bonds with a weighted average accepted rate of 3.99% on Monday.
The bonds carry a coupon of 4%.
For the 861 billion won offering, bids were received for 2.164 trillion won and accepted for 861 billion won.
The bid-to-cover ratio was 251.3%, and the bids received ranged from 3.96% to 4.02%.
Issuer: | Ministry of Strategy and Finance of Korea
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Issue: | Treasury bonds
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Amount: | 861 billion won
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Term: | Three years
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Coupon: | 4%
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Yield (average): | 3.99%
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Auction date: | Dec. 13
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Settlement date: | Dec. 14
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