Published on 1/22/2013 in the Prospect News Emerging Markets Daily.
New Issue: Korea sells KRW 1.5 trillion 3¾% 10-year treasury bonds to yield 3.01%
By Marisa Wong
Chicago, Jan. 22 - The Ministry of Finance of Korea auctioned KRW 1.5 trillion of 3¾% 10-year treasury bonds in a reopening on Monday, according to a government notice.
The weighted average accepted rate was 3.01%.
Bids were received for KRW 7.23 trillion of bonds, for a bid-to-cover ratio of 482.1%. The range of rates for bids received was 3% to 3.04%.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
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| Amount: | KRW 1.5 trillion
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| Maturity: | 10 years
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| Coupon: | 3¾%
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| Average yield: | 3.01%
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| Original issue date: | June 10, 2012
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| Auction date: | Jan. 21
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| Settlement date: | Jan. 22
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