By Tali Rackner
Norfolk, Va., March 14 – The Ministry of Finance of Korea offered and accepted bids for KRW 1.15 trillion of 2¼% 10-year treasury bonds on Monday, according to a government notice.
The weighted average accepted rate was 1.94%.
Bids were received for KRW 4.06 trillion of bonds, for a bid-to-cover ratio of 352.7%.
The bonds were originally issued on Dec. 10.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 1.15 trillion
|
| Maturity: | 10 years
|
| Coupon: | 2¼%
|
| Average accepted rate: | 1.94%
|
| Auction date: | March 14
|
| Settlement date: | March 15
|
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