By Susanna Moon
Chicago, Jan. 17 - The Ministry of Finance of Korea sold KRW 1.68 trillion of 4¼% 10-year treasury bonds in an auction on Monday, according to a government notice.
The weighted accepted average rate was 3.78%.
Bids were received for KRW 7.3 trillion of the securities, resulting in a bid-to-cover ratio of 458.4%.
The bids received ranged from 3.77% to 3.82%.
The bonds were issued June 10, 2011.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 1,683,000,000,000
|
| Maturity: | 10 years
|
| Coupon: | 4¼%
|
| Average yield: | 3.78%
|
| Auction date: | Jan. 16
|
| Settlement date: | Jan. 17
|
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