Published on 10/9/2012 in the Prospect News Emerging Markets Daily.
New Issue: Korea auctions KRW 1.7 trillion five-year treasury bonds to yield 2.83%
By Susanna Moon
Chicago, Oct. 9 - The Ministry of Finance of Korea auctioned KRW 1.7 trillion of 2¾% five-year treasury bonds in a reopening on Monday, according to a government notice.
The weighted average accepted rate was 2.83%.
The bonds were originally issued on Sept. 10.
Bids were received for KRW 8.24 trillion of bonds, for a bid-to-cover ratio of 470.7%. The range of bids received was 2.82% to 2.87%.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 1,703,000,000,000
|
| Maturity: | Five years
|
| Coupon: | 2¾%
|
| Average yield: | 2.83%
|
| Auction date: | Oct. 8
|
| Settlement date: | Oct. 9
|
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