By Tali Rackner
Norfolk, Va., March 21 – The Ministry of Finance of Korea accepted KRW 1.82 trillion of bids for its 2% five-year treasury bonds on Monday, according to a government notice.
The weighted average accepted rate was 1.59%.
Korea initially offered KRW 1.8 billion of the bonds. Bids were received for KRW 7,124,000,000,000, for a bid-to-cover ratio of 395.8%.
The bonds were originally issued on March 10.
| Issuer: | Ministry of Finance of Korea
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| Issue: | Treasury bonds
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| Amount: | KRW 1.82 trillion
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| Maturity: | Five years
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| Coupon: | 2%
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| Average accepted rate: 1.59%
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| Auction date: | March 21
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| Settlement date: | March 22
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