By Tali Rackner
Norfolk, Va., Jan. 25 – The Ministry of Finance of Korea accepted KRW 817 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 2.11%.
Bids were received for KRW 2,944,000,000,000 of bonds, for a bid-to-cover ratio of 392.5%. Korea initially offered KRW 750 billion of bonds.
The bonds were originally issued on Sept. 10, 2015.
Issuer: | Ministry of Finance of Korea
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Issue: | Treasury bonds
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Amount: | KRW 817 billion
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Maturity: | 20 years
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Coupon: | 2 5/8%
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Average accepted rate: | 2.11%
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Auction date: | Jan. 25
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Settlement date: | Jan. 26
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