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Published on 4/27/2010 in the Prospect News Emerging Markets Daily.

New Issue: Korea auctions 819 billion won 20-year bonds to yield 5.17%

By Susanna Moon

Chicago, April 27 - The Ministry of Strategy and Finance of Korea auctioned 819 billion won of 20-year treasury bonds with a weighted average accepted rate of 5.17%.

Bids were received for 2.576 trillion won and accepted for 819 billion won.

The bid-to-cover ratio was 3.22, and the bids received ranged from 5.15% to 5.2%.

Issuer:Ministry of Strategy and Finance of Korea
Issue:Treasury bonds
Amount:819 billion won
Term:20 years
Yield:5.17%
Auction date:April 26
Settlement date:April 27

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