By Tali Rackner
Norfolk, Va., Aug. 25 – The Ministry of Finance of Korea auctioned KRW 800 billion of 3¾% 20-year treasury bonds in a reopening on Monday, according to a government notice.
The weighted average accepted rate was 3.305%.
Bids were received for KRW 3.52 trillion of bonds, for a bid-to-cover ratio of 440.1%. The range of bids received was 3.295% to 3.345%.
The bonds were originally issued Dec. 10, 2013.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 800 billion
|
| Maturity: | 20 years
|
| Coupon: | 3¾%
|
| Average yield: | 3.305%
|
| Auction date: | Aug. 25
|
| Settlement date: | Aug. 26
|
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