Asia Pacific
S. Korea issues 590 mln USD of 50-year gov't bond
Last Updated: 2018-09-12 16:45 | Xinhua
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South Korea's finance ministry said Wednesday that it issued 660 billion won (590 million U.S. dollars) worth of government bonds with the country's longest maturity of 50 years.

The yield to maturity was set at 2.09 percent, with a coupon rate of 2 percent, according to the Ministry of Economy and Finance.

A total of 910 billion won (810 million U.S. dollars) of funds bade to buy the 50-year state debts, about 1.5 times larger than the issuance.

It marked the third time this year that the South Korean government sold the longest-maturity bonds.

The past issuances amounted to 325 billion won (288 million U.S. dollars) in March and 540 million won (478 million U.S. dollars) in June, respectively.

The ministry planned to issue the 50-year government bonds in the fourth quarter. In October 2016, the country issued such state bond for the first time.

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