By Tali Rackner
Norfolk, Va., May 16 – The Ministry of Finance of Korea offered and accepted KRW 1.2 trillion of bids for its 2¼% 10-year treasury bonds on Monday, according to a government notice.
The weighted average accepted rate was 1.765%.
Korea received bids for KRW 5,137,000,000,000, for a bid-to-cover ratio of 428.1%.
The bonds were originally issued on Dec. 10, 2015.
| Issuer: | Ministry of Finance of Korea
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| Issue: | Treasury bonds
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| Amount: | KRW 1.2 trillion
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| Maturity: | 10 years
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| Coupon: | 2¼%
|
| Average accepted rate: | 1.765%
|
| Auction date: | May 16
|
| Settlement date: | May 17
|
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