By Susanna Moon
Chicago, March 14 - The Ministry of Finance of Korea said it auctioned KRW 2.2 trillion of treasury notes on Monday in a reopening of its 4% five-year Treasury notes.
The weighted average accepted rate was 3.99%.
Bids were received totaled KRW 8.016 trillion, resulting in a bid-to-cover ratio of 364.4%.
The bids received ranged from 3.97% to 4.02%.
The original bonds were issued on March 10, 2010. The reopened bonds will settle on Tuesday.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury notes
|
| Amount: | KRW 2.2 trillion
|
| Maturity: | Five years
|
| Coupon: | 4%
|
| Average yield: | 3.99%
|
| Auction date: | March 14
|
| Settlement date: | March 15
|
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