By Sarah Lizee
Olympia, Wash., Aug. 27 – The Ministry of Finance of Korea accepted KRW 1.2 trillion of bids for its 2¼% three-year treasury bonds on Monday, according to a notice.
The accepted rate for those bonds was 1.95%. The bids received ranged from 1.94% to 1.97%.
Korea received bids for KRW 3,497,000,000,000 of the bonds, for a bid-to-cover ratio of 291.4%.
The bonds were originally issued on June 10.
Issuer: | Ministry of Finance of Korea
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Issue: | Treasury bonds
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Amount: | KRW 1.2 trillion
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Maturity: | Three years
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Coupon: | 2¼%
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Accepted rate: | 1.95%
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Auction date: | Aug. 27
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Settlement date: | Aug. 28
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