By Susanna Moon
Chicago, May 2 - The Ministry of Finance of Korea priced KRW 1.5 trillion of 3% three-year treasury notes on Monday, according to a government notice.
The weighted average accepted rate for the reopened notes issued on Dec. 10, 2010 was 3.78%.
Bids were received for KRW 6.29 trillion of the securities, resulting in a bid-to-cover ratio of 419.3%.
The bids received ranged from 3.77% to 3.81%.
Settlement is expected on Tuesday.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury notes
|
| Amount: | KRW 1.5 trillion
|
| Maturity: | Three years
|
| Coupon: | 3%
|
| Average yield: | 3.78%
|
| Auction date: | May 2
|
| Settlement date: | May 3
|
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