By Susanna Moon
Chicago, Aug. 9 - The Ministry of Finance of Korea auctioned KRW 1.6 trillion of 4% five-year treasury bonds in a reopening on Monday, according to a government notice. The original issue date is March 10.
The weighted average accepted rate was 3.79%.
Bids were received for KRW 6.275 trillion of the securities, resulting in a bid-to-cover ratio of 392.2%.
The bids received ranged from 3.77% to 3.8%.
Settlement will occur on Tuesday.
| Issuer: | Ministry of Finance of Korea
|
| Issue: | Treasury bonds
|
| Amount: | KRW 1.6 trillion
|
| Maturity: | Five years
|
| Coupon: | 4%
|
| Average yield: | 3.79%
|
| Auction date: | Aug. 8
|
| Settlement date: | Aug. 9
|
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