By Tali Rackner
Norfolk, Va., Oct. 19 – The Ministry of Finance of Korea offered KRW 1.25 trillion of 2¼% 10-year treasury bonds on Monday and accepted an equal amount of bids, according to a government notice.
The weighted average accepted rate was 2.08%.
Bids were received for KRW 4.62 trillion of bonds, for a bid-to-cover ratio of 369.5%.
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 1.25 trillion
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Maturity: | 10 years
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Coupon: | 2¼%
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Average accepted rate: | 2.08%
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Auction date: | Oct. 19
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Settlement date: | Oct. 20
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