By Richard Connell
New York, May 25 - The Ministry of Strategy and Finance of Korea auctioned 938 billion won of 20-year treasury bonds with a weighted average accepted rate of 5.22% on Monday.
The bonds carry a coupon of 5½%.
For the 800 billion won offering, bids were received for 2.379 trillion won and accepted for 938 billion won.
The bid-to-cover ratio was 2.974, and the bids received ranged from 5.2% to 5.26%.
| Issuer: | Ministry of Strategy and Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | 938 billion won
|
| Term: | 20 years
|
| Coupon: | 5½%
|
| Yield (average): | 5.22%
|
| Auction date: | May 24
|
| Settlement date: | May 25
|
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