By Jennifer Chiou
New York, Feb. 6 - The Ministry of Finance of Korea auctioned KRW 1.4 trillion of 3.25% three-year treasury bonds in a reopening on Monday, according to a government notice. The original issue date was Dec. 10.
The weighted average accepted rate is 3.41%.
The ministry offered KRW 1.4 trillion of the bonds. Bids were received for KRW 6.78 trillion of bonds, and KRW 1.4 trillion was accepted, resulting in a bid-to-cover ratio of 484.3%.
The bids received ranged from 3.4% to 3.44%.
Issuer: | Ministry of Finance of Korea
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Issue: | Treasury bonds
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Amount: | KRW 1.4 trillion
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Maturity: | 2015
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Coupon: | 3.25%
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Average yield: | 3.41%
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Auction date: | Feb. 6
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Settlement date: | Feb. 7
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