Published on 9/8/2008 in the Prospect News Emerging Markets Daily.
New Issue: South Korea sells 1.53 trillion won five-year bonds to yield 5.8%
By Susanna Moon
Chicago, Sept. 8 - Korea issued 1.53 trillion won of five-year bonds to yield 5.8%.
Of the 1.53 trillion offered, bids were received for 2.15 trillion won and accepted for 1.53 trillion won.
The bid to cover ratio was 140.5%, and the bids received ranged from 5.7% to 5.84%.
| Issuer: | Korea, Government Bond Policy Division, Treasury Bureau
|
| Issue: | Bonds
|
| Amount: | 1.53 trillion won
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| Maturity: | Five years
|
| Yield: | 5.8%
|
| Accepted yields: | 5.7% to 5.84%
|
| Auction date: | Sept. 8
|
| Settlement date: | Sept. 9
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