By Tali Rackner
Norfolk, Va., Nov. 23 – The Ministry of Finance of Korea accepted KRW 769 billion of bids for its 2 5/8% 20-year treasury bonds on Monday, according to a government notice.
The weighted average accepted rate was 2.395%.
Korea initially offered KRW 800 of bonds. Bids were received for KRW 2,649,000,000,000 of bonds, for a bid-to-cover ratio of 331.1%.
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 769 billion
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| Maturity: | 20 years
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| Coupon: | 2 5/8%
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| Average accepted rate: 2.395%
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| Auction date: | Nov. 23
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| Settlement date: | Nov. 24
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