By Angela McDaniels
Tacoma, Wash., Jan. 25 - The Ministry of Finance of Korea auctioned KRW 908 billion of 4% 20-year treasury bonds in a reopening on Tuesday, according to a government notice. The original issue date was Dec. 10.
The weighted average accepted rate is 3.96%.
The ministry offered KRW 850 billion of the bonds. Bids were received for KRW 3.87 trillion of bonds, and KRW 908 billion was accepted, resulting in a bid-to-cover ratio of 455.6%.
The bids received ranged from 3.95% to 4%.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 908 billion
|
| Maturity: | 2032
|
| Coupon: | 4%
|
| Average yield: | 3.96%
|
| Auction date: | Jan. 25
|
| Settlement date: | Jan. 26
|
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