By Tali Rackner
Norfolk, Va., Oct. 5 – The Ministry of Finance of Korea offered and accepted KRW 1.2 trillion of bids for its 1 5/8% three-year treasury bonds on Monday, according to a government notice.
The weighted average accepted rate was 1.58%.
Bids were received for KRW 4,529,000,000,000 of bonds, for a bid-to-cover ratio of 377.4%.
The bonds were originally issued on June 10.
Issuer: | Ministry of Finance of Korea
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Issue: | Treasury bonds
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Amount: | KRW 1.2 trillion
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Maturity: | Three years
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Coupon: | 1 5/8%
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Average accepted rate: 1.58%
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Auction date: | Oct. 5
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Settlement date: | Oct. 6
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