Published on 5/24/2016 in the Prospect News Emerging Markets Daily.
New Issue: Korea auctions KRW 850 billion 2 5/8% 20-year treasury bonds at 1.9%
By Susanna Moon
Chicago, May 24 – The Ministry of Finance of Korea accepted KRW 850 billion of bids for its 2 5/8% 20-year treasury bonds on Monday.
The weighted average accepted rate was 1.9%, with the bids received ranging from 1.89% to 1.935%, according to a notice.
The issuer received bids for KRW 3.45 trillion, with a bid-to-cover ratio of 405.8%.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
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| Amount: | KRW 850 billion
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| Maturity: | 20 years
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| Coupon: | 2 5/8%
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| Average accepted rate: | 1.9%
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| Auction date: | May 23
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| Settlement date: | May 24
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| Issue date: | Sept. 10, 2015
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