By Toni Weeks
San Diego, June 7 - The Ministry of Finance of Korea priced KRW 1.7 billion of 3.5% three-year treasury bonds on Tuesday, according to a government notice.
The weighted average accepted rate was 3.52%.
Bids were received for KRW 7,819,600,000 of the securities, resulting in a bid-to-cover ratio of 460%.
The bids received ranged from 3.5% to 3.57%.
Settlement is expected on Thursday.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 1.7 billion
|
| Maturity: | Three years
|
| Coupon: | 3.5%
|
| Average yield: | 3.52%
|
| Auction date: | June 7
|
| Settlement date: | June 9
|
© 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.
