By Susanna Moon
Chicago, May 17 - The Ministry of Finance of Korea auctioned KRW 500 billion of three series of five-year treasury bonds on Wednesday, according to a government notice.
The weighted average accepted rate was 3.41% for KRW 130 billion of notes, 3.4% for KRW 120 billion of notes and 3.47% for KRW 250 billion of notes.
Bids were received for KRW 1.99 trillion of bonds, for a bid-to-cover ratio of 398.4%.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 500 billion
|
| Maturity: | Five years
|
| Average yield: | 3.41% for KRW 130 billion; 3.4% for KRW 120 billion; 3.47% for KRW 250 billion
|
| Auction date: | May 16
|
| Settlement date: | May 18
|
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