By Richard Connell
New York, Aug. 23 - The Ministry of Strategy and Finance of Korea auctioned 900 billion won in a reopening of its 20-year treasury bonds with a weighted average accepted rate of 4.66% on Monday.
The bonds carry a coupon of 5½%.
For the 700 billion won offering, bids were received for 1.932 trillion won and accepted for 900 billion won.
The bid-to-cover ratio was 276%, and the bids received ranged from 4.64% to 4.7%.
| Issuer: | Ministry of Strategy and Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | 900 billion won
|
| Term: | 20 years
|
| Coupon: | 5½%
|
| Yield (average): | 4.66%
|
| Auction date: | Aug. 23
|
| Settlement date: | Aug. 24
|
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