By Jennifer Chiou
New York, Dec. 19 - The Ministry of Finance of Korea auctioned KRW 1.7 trillion of 4¼% 10-year treasury bonds in a reopening on Monday, according to a government notice.
The weighted accepted average rate was 3.79%.
Bids were received for KRW 7.6 trillion of the securities, resulting in a bid-to-cover ratio of 418.8%.
The bids received ranged from 3.78% to 3.82%.
Issuer: | Ministry of Finance of Korea
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Issue: | Treasury bonds
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Amount: | KRW 1.7 trillion
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Maturity: | 10 years
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Coupon: | 4¼%
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Average yield: | 3.79%
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Auction date: | Dec. 12
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Settlement date: | Dec. 20
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