By Richard Connell
New York, Sept. 7 - The Ministry of Strategy and Finance of Korea auctioned 1 trillion won in a reopening of its three-year treasury bonds with a weighted average accepted rate of 3.68% on Monday.
The bonds carry a coupon of 3.68%.
For the 900 billion won offering, bids were received for 3.461 trillion won and accepted for 1 trillion won.
The bid-to-cover ratio was 384.56%, and the bids received ranged from 3.66% to 3.71%.
Issuer: | Ministry of Strategy and Finance of Korea
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Issue: | Treasury bonds
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Amount: | 1 trillion won
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Term: | Three years
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Coupon: | 3.68%
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Yield (average): | 3.68%
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Auction date: | Sept. 6
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Settlement date: | Sept. 7
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