By Wendy Van Sickle
Columbus, Ohio, July 7 – The Ministry of Finance of Korea auctioned KRW 850 billion of 2.75% 30-year treasury bonds on Tuesday, according to a government notice.
The weighted average accepted rate was 2.77%.
Bids were received for KRW 3,233,000,000,000 of bonds, for a bid-to-cover ratio of 380.4 %.
The bonds were originally issued Dec. 10, 2014.
Issuer: | Ministry of Finance of Korea
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Issue: | Treasury bonds
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Amount: | KRW 850 billion
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Maturity: | 30 years
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Coupon: | 2.75%
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Average accepted rate: | 2.77%
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Auction date: | July 7
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Settlement date: | June 8
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