By Angela McDaniels
Tacoma, Wash., Sept. 26 - The Ministry of Finance of Korea auctioned KRW 1 trillion of 4¾% 20-year treasury bonds on Monday, according to a government notice.
The weighted average accepted rate was 3.91%.
Bids were received for KRW 3.79 trillion of the bonds, resulting in a bid-to-cover ratio of 378.9%.
The bids received ranged from 3.88% to 3.95%.
Of the total bids, KRW 200 million were non-competitive.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 1,000,300,000,000
|
| Maturity: | 20 years
|
| Coupon: | 4¾%
|
| Average yield: | 3.91%
|
| Auction date: | Sept. 26
|
| Settlement date: | Sept. 27
|
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