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Published on 8/25/2008 in the Prospect News Emerging Markets Daily.

New Issue: Korea's Ministry of Strategy and Finance sells 478 billion won 20-year bonds to yield 6.03%

By Richard Connell

New York, Aug. 28 - The Ministry of Strategy and Finance of Korea auctioned 478 billion won of 20-year bonds to yield 6.03%.

Of the 500 billion won offered, bids were received for 615 billion won and accepted for 478 billion won.

The bid to cover ratio was 123.0% and the bids received ranged from 5.90% to 6.13%

Issuer:Ministry of Strategy and Finance of Korea
Issue:Bonds
Amount:478 billion won
Maturity:20 years
Yield:6.03%
Accepted yields:5.90% to 6.13%
Auction date:Aug. 25
Settlement date:Aug. 26

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