By Marisa Wong
Madison, Wis., July 18 - The Ministry of Finance of Korea auctioned KRW 1.6 trillion of 4¼% 10-year treasury bonds on Monday, according to a government notice.
The weighted average accepted rate was 4.16%.
Bids were received for KRW 6.656 trillion of the securities, resulting in a bid-to-cover ratio of 416%.
The bids received ranged from 4.15% to 4.19%.
Settlement will occur on Tuesday.
Issuer: | Ministry of Finance of Korea
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Issue: | Treasury bonds
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Amount: | KRW 1.6 trillion
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Maturity: | 10 years
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Coupon: | 4¼%
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Average yield: | 4.16%
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Auction date: | July 18
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Settlement date: | July 19
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