Published on 6/8/2016 in the Prospect News Emerging Markets Daily.
New Issue: Korea sells KRW 1.15 billion add-on to 2% 30-year bonds at 1.82% yield
By Susanna Moon
Chicago, June 8 – The Ministry of Finance of Korea accepted KRW 1.15 billion of bids for its 2% 30-year treasury bonds on Wednesday.
The weighted average accepted rate was 1.82%, with the bids received ranging from 1.81% to 1.85%, according to a notice.
The issuer received bids for KRW 4.44 trillion, with a bid-to-cover ratio of 385.7%.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 1.15 billion
|
| Maturity: | 30 years
|
| Coupon: | 2%
|
| Average accepted rate: | 1.82%
|
| Auction date: | June 8
|
| Settlement date: | June 9
|
| Issue date: | March 10, 2016
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
