By Tali Rackner
Norfolk, Va., April 25 – The Ministry of Finance of Korea accepted KRW 850.06 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 1.905%.
Korea initially offered KRW 850 billion of bonds. It received bids for KRW 3,464,100,000,000, for a bid-to-cover ratio of 407.5%.
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 850.06 billion
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Maturity: | 20 years
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Coupon: | 2 5/8%
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Average accepted rate: | 1.905%
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Auction date: | April 25
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Settlement date: | April 26
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