By Angela McDaniels
Tacoma, Wash., Feb. 14 - The Ministry of Finance of Korea auctioned KRW 1.96 trillion of treasury bonds on Monday in a reopening of its 4% five-year bonds, according to a government notice.
The weighted average accepted rate was 4.47%.
Bids were received for KRW 4.95 trillion, resulting in a bid-to-cover ratio of 252.5%.
The bids received ranged from 4.46% to 4½%.
The original bonds were issued on Sept. 10. The reopened bonds will settle on Tuesday.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 1.96 trillion
|
| Tenor: | Five years
|
| Coupon: | 4%
|
| Average yield: | 4.47%
|
| Auction date: | Feb. 14
|
| Settlement date: | Feb. 15
|
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