New York, Sept. 6 - The Ministry of Finance of Korea auctioned KRW 1.0003 trillion of 3½% three-year treasury bonds in a reopening on Monday, according to a government notice. The original issue date is June 10.
All rates accepted were at the weighted average accepted rate of 3.4%.
Bids were received for KRW 4.2013 trillion of the securities, resulting in a bid-to-cover ratio of 420.1%.
The bids received ranged from 3.39% to 3.43%.
Of the total bids, KRW 0.3 billion were non-competitive.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 1.0003 trillion
|
| Maturity: | Three years
|
| Coupon: | 3½%
|
| Average yield: | 3.4%
|
| Auction date: | Sept. 5
|
| Settlement date: | Sept. 6
|
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