By Tali Rackner
Norfolk, Va., March 28 – The Ministry of Finance of Korea accepted KRW 800.01 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 1.895%.
Korea initially offered KRW 800 billion of bonds. It received bids for KRW 3.02 trillion, for a bid-to-cover ratio of 377.9%.
The bonds were originally issued on Sept. 10.
Issuer: | Ministry of Finance of Korea
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Issue: | Treasury bonds
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Amount: | KRW 800.01 billion
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Maturity: | 20 years
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Coupon: | 2 5/8%
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Average accepted rate: | 1.895%
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Auction date: | March 28
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Settlement date: | March 29
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