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20-Year Auction Details

KOREA RATES

The South Korean MOF will today sell KRW 500bn of 20-Year bonds, issue KTB 01875-4109, results due after 0330BST/1030HKT.

  • The MOF last sold 20-Year paper on August 24, the sale drew an average yield of 1.965% and was covered 3.72x
  • As a note South Korean FSC chairman Koh spoke yesterday, he said that strong preemptive measures would be taken against household debt and that a prolonged low rate could not last. This follows a signal that more BoK rate hikes are on the cards, the Bank said on Friday in its quarterly financial stability report that South Korean companies and households should be able to handle the impact of another interest-rate hike to 1%.

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