By Susanna Moon
Chicago, Oct. 8 - The Ministry of Finance of Korea auctioned KRW 2.55 trillion of treasury bonds in two tranches on Monday, according to a government notice.
Korea auctioned KRW 700 billion of 3% 30-year treasury bonds in a reopening with a weighted average accepted rate of 3.765%.
Bids were received for KRW 2,861,600,000,000 of bonds, for a bid-to-cover ratio of 408.8%.
Korea also auctioned KRW 1.85 trillion of 2¾% three-year treasury bonds in a reopening with a weighted average accepted rate of 2.85%.
Bids were received for KRW 7,344,000,000,000 of bonds, for a bid-to-cover ratio of 397%.
| Issuer: | Ministry of Finance of Korea
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| Issue: | Treasury bonds
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| Auction date: | Oct. 7
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| Settlement date: | Oct. 8
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| Tranche 1
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| Amount: | KRW 700 billion
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| Maturity: | 30 years
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| Coupon: | 3%
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| Average yield: | 3.765%
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| Issue date: | Dec. 10, 2012
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| Tranche 2
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| Amount: | KRW 1.85 trillion
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| Maturity: | Three years
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| Coupon: | 2¾%
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| Average yield: | 2.85%
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| Issue date: | June 10
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