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5-Year Supply Due

SOUTH KOREA

The South Korean MOF will today auction a total KRW 2.7tn 5-year paper via KRW 1.1tn pre-issuance (5Y KTB 01250-2603) and KRW 1.6tn fungible issue (5Y KTB 01125-2509).

The MOF last sold 5-year debt on Jan 25, the pre-issue for KRW 1tn drew an average yield of 1.35% with a coverage ratio of 2.58. The fungible issue drew an average yield of 1.34% with coverage of 3.017.

  • Results due after 0230GMT/1030KST.
  • As a note the Bank of Korea will also bring supply to the market today, selling 1-year bonds and 91-day bills. Other MOF supply this week will focus on a KRW 750bn 20-year bond sale on Tuesday.

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