By Susanna Moon
Chicago, July 11 - The Ministry of Finance of Korea auctioned KRW 1.6 trillion of 4% five-year treasury bonds on Monday, according to a government notice.
The weighted average accepted rate was 4.06%.
Bids were received for KRW 6.985 billion of the securities, resulting in a bid-to-cover ratio of 436.6%.
The bids received ranged from 4.04% to 4.08%.
Settlement is to occur on Tuesday.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 1.6 trillion
|
| Maturity: | Five years
|
| Coupon: | 4%
|
| Average yield: | 4.06%
|
| Auction date: | July 11
|
| Settlement date: | July 12
|
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