By Richard Connell
New York, May 18 - The Ministry of Strategy and Finance of Korea auctioned 1.7 trillion won of 10-year treasury bonds with a weighted average accepted rate of 5.05% on Monday.
The bonds carry a coupon of 5¾%.
For the 1.5 trillion won offering, bids were received for 3.91 trillion won and accepted for 1.7 trillion won.
The bid-to-cover ratio was 2.6067, and the bids received ranged from 5.03% to 5.09%.
| Issuer: | Ministry of Strategy and Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | 1.7 trillion won
|
| Term: | 10 years
|
| Coupon: | 5¾%
|
| Yield (average): | 5.05%
|
| Auction date: | May 17
|
| Settlement date: | May 18
|
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