By Wendy Van Sickle
Columbus, Ohio, Aug. 28 – The Ministry of Finance of Korea accepted KRW 1.3 trillion of bids for its 2 5/8% 30-year treasury bonds on Tuesday, according to a notice.
The accepted rate for those bonds was 2.3%. The bids received ranged from 2.29% to 2.345%.
Korea received bids for KRW 3,643,000,000,000 of the bonds, for a bid-to-cover ratio of 280.2%.
The bonds were originally issued on March 10.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 1.3 trillion
|
| Maturity: | 30 years
|
| Coupon: | 2 5/8%
|
| Accepted rate: | 2.3%
|
| Auction date: | Aug. 28
|
| Settlement date: | Aug. 29
|
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