By Susanna Moon
Chicago, Sept. 26 – The Ministry of Finance of Korea accepted KRW 650 billion of bids for its 1½% 20-year treasury bonds on Monday, according to a government notice.
The weighted average accepted rate was 1.505%. The bids received ranged from 1.495% to 1.555%.
The bid-to-cover ratio was 374.8%.
The issuer received bids for KRW 2,436,000,000,000.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 650 billion
|
| Maturity: | 20 years
|
| Coupon: | 1½%
|
| Average accepted rate: | 1.505%
|
| Auction date: | Sept. 26
|
| Settlement date: | Sept. 27
|
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