By Tali Rackner
Norfolk, Va., Sept. 21 – The Ministry of Finance of Korea offered KRW 800 billion of 2 5/8% 20-year treasury bonds and accepted an equal amount of bids for the bonds on Monday, according to a government notice.
The weighted average accepted rate was 2.325%.
Bids were received for KRW 3.08 trillion of bonds, for a bid-to-cover ratio of 384.4%.
The bonds were originally issued on Sept. 10, 2013.
Issuer: | Ministry of Finance of Korea
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Issue: | Treasury bonds
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Amount: | KRW 800 billion
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Maturity: | Twenty years
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Coupon: | 2 5/8%
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Average accepted rate: | 2.325%
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Auction date: | Sept. 21
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Settlement date: | Sept. 22
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