By Jennifer Chiou
New York, Nov. 8 - The Ministry of Finance of Korea auctioned KRW 1 trillion of 3½% three-year treasury bonds in a reopening on Monday, according to a government notice. The original issue date was June 10.
All rates accepted were at the weighted average accepted rate of 3.41%.
Bids were received for KRW 4.84 trillion of the securities, resulting in a bid-to-cover ratio of 484.2%.
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 trillion
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Maturity: | Three years
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Coupon: | 3½%
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Average yield: | 3.41%
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Auction date: | Nov. 7
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Settlement date: | Nov. 8
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