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The South Korean MOF will today auction KRW 1.2tn of 2-year bonds, issue KTB 00875-2306. Results due after 0330BST/1030HKT.
- The MOF last sold 2-year debt on May 11, the sale was split into a pre-issue (KRW 500bn) and fungible sale (KRW 700bn), the sale was KRW 33bn larger than announced. The auction drew an average yield of 0.925% and was covered 3.55x.