By Sarah Lizee
Olympia, Wash., Oct. 29 – The Ministry of Finance of Korea accepted KRW 500 billion of bids for its 2¼% three-year treasury bonds on Monday, according to a notice.
The accepted rate for those bonds was 1.915%. The bids received ranged from 1.895% to 1.95%.
Korea received bids for KRW 1.67 trillion of the bonds, for a bid-to-cover ratio of 334%.
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 500 billion
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| Maturity: | Three years
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| Coupon: | 2¼%
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| Accepted rate: | 1.915%
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| Auction date: | Oct. 29
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| Settlement date: | Oct. 30
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