By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – The Ministry of Finance of Korea offered KRW 800 billion of 2 5/8% 20-year treasury bonds on Monday and accepted an equal amount of bids, according to a government notice.
The weighted average accepted rate was 2.215%.
Bids were received for KRW 2.94 trillion of bonds, for a bid-to-cover ratio of 367.5%.
The bonds were originally issued on Sept. 10.
| 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: | 20 years
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| Coupon: | 2 5/8%
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| Average accepted rate: | 2.215%
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| Auction date: | Oct. 26
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| Settlement date: | Oct. 27
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