By Wendy Van Sickle
Columbus, Ohio, Nov. 30 – The Ministry of Finance of Korea accepted KRW 1.62 trillion of bids for its 1¾% three-year treasury bonds on Monday, according to a government notice.
The weighted average accepted rate was 1.815%.
Korea initially offered KRW 1.7 trillion of bonds. Bids were received for KRW 6.15 trillion of bonds, for a bid-to-cover ratio of 361.9%.
| Issuer: | Ministry of Finance of Korea
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| Issue: | Treasury bonds
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| Amount: | KRW 1.62 trillion
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| Maturity: | Three years
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| Coupon: | 1¾%
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| Average accepted rate: | 1.815%
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| Auction date: | Nov. 30
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| Settlement date: | Dec. 1
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