By Susanna Moon
Chicago, Dec. 12 - Korea's Ministry of Finance auctioned KRW 1.7 trillion of 3½% three-year treasury notes in a reopening on Monday, according to a government notice.
The weighted accepted average rate was 3.53%.
Bids were received for KRW 7.5 trillion of the securities, resulting in a bid-to-cover ratio of 440.9%.
The bids received ranged from 3.52% to 3.56%.
The bonds were originally issued on Sept. 10.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury notes
|
| Amount: | KRW 1,700,300,000,000
|
| Maturity: | Three years
|
| Coupon: | 3½%
|
| Average yield: | 3.53%
|
| Auction date: | Dec. 12
|
| Settlement date: | Dec. 13
|
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