By Jennifer Chiou
New York, April 18 - The Ministry of Finance of Korea priced KRW 1.6 trillion of 10-year treasury bonds on Monday, according to a government notice. The weighted average accepted rate for the reopened 5% bonds was 4.46%.
Bids were received for KRW 5.97 trillion of the securities, resulting in a bid-to-cover ratio of 373.1%.
The bids received ranged from 4.44% to 4.50%.
Settlement is expected on Tuesday.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 1.6 trillion
|
| Tenor: | 10 years
|
| Coupon: | 5%
|
| Average yield: | 4.46%
|
| Auction date: | April 18
|
| Settlement date: | April 19
|
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