By Marisa Wong
Madison, Wis., March 19 - The Ministry of Finance of Korea auctioned KRW 1.75 trillion of 4¼% 10-year treasury bonds in a reopening on Monday, according to a government notice. The original issue date was June 10, 2011.
The weighted average accepted rate is 4%.
The ministry offered KRW 1.75 trillion of the bonds. Bids were received for KRW 7.71 trillion of bonds, and KRW 1.75 trillion was accepted, resulting in a bid-to-cover ratio of 440.7%.
The bids received ranged from 3.98% to 4.03%.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 1,750,010,000,000
|
| Maturity: | 2022
|
| Coupon: | 4¼%
|
| Average yield: | 4%
|
| Auction date: | March 19
|
| Settlement date: | March 20
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
