By Susanna Moon
Chicago, March 18 - The Ministry of Finance of Korea auctioned KRW 1.8 trillion of 3% 10-year treasury bonds in a reopening on Monday, according to a government notice.
The weighted average accepted rate was 2.89%.
Bids were received for KRW 7.32 trillion of bonds, for a bid-to-cover ratio of 406.8%.
The bids received ranged from 2.88% to 2.92%.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 1.8 trillion
|
| Maturity: | 10 years
|
| Coupon: | 3%
|
| Average yield: | 2.89%
|
| Issue date: | March 10, 2012
|
| Auction date: | March 18
|
| Settlement date: | March 19
|
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