By Marisa Wong
Morgantown, W.Va., Jan. 4 – The Ministry of Finance of Korea offered and accepted KRW 1.8 trillion of bids for its 1¾% three-year treasury bonds on Monday, according to a government notice.
The weighted average accepted rate was 1.67%.
Bids were received for KRW 6,708,000,000,000 of bonds, for a bid-to-cover ratio of 372.7%.
The bonds were originally issued on Dec. 10, 2015.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 1.8 trillion
|
| Maturity: | Three years
|
| Coupon: | 1¾%
|
| Average accepted rate: | 1.67%
|
| Auction date: | Jan. 4
|
| Settlement date: | Jan. 5
|
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