By Susanna Moon
Chicago, Feb. 22 - The Ministry of Finance of Korea auctioned KRW 1.6 trillion of treasury bonds on Monday in a reopening of its 5% five-year notes, according to a government notice.
The weighted average accepted rate was 4.79%.
Bids were received for KRW 4.95 trillion, resulting in a bid-to-cover ratio of 284.3%.
The bids received ranged from 4.78% to 4.84%.
The original bonds were issued on June 10, 2010. The reopened bonds will settle on Wednesday.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury notes
|
| Amount: | KRW 1.6 trillion
|
| Tenor: | Five years
|
| Coupon: | 5%
|
| Average yield: | 4.79%
|
| Auction date: | Feb. 21
|
| Settlement date: | Feb. 22
|
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