By Jennifer Chiou
New York, May 16 - The Ministry of Finance of Korea priced KRW 1.6 trillion of 5% 10-year treasury notes on Monday, according to a government notice.
The weighted average accepted rate was 4.37%.
Bids were received for KRW 6.91 trillion of the securities, resulting in a bid-to-cover ratio of 432.1%.
The bids received ranged from 3.36% to 3.40%.
Settlement is expected on Tuesday.
Issuer: | Ministry of Finance of Korea
|
Issue: | Treasury notes
|
Amount: | KRW 1.6 trillion
|
Maturity: | 10 years
|
Coupon: | 5%
|
Average yield: | 4.37%
|
Auction date: | May 16
|
Settlement date: | May 17
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.